Korea, Pakistan discuss ways to expedite CEPA negotiations

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Korea, Pakistan discuss ways to expedite CEPA negotiations

Trade Minister Yeo Han-koo speaks at a virtual meeting held in Sejong on April 1.

Trade Minister Yeo Han-koo speaks at a virtual meeting held in Sejong on April 1.

 
Korea and Pakistan discussed ways on Thursday to accelerate negotiations on a bilateral comprehensive economic partnership agreement (CEPA) to boost trade and investment, Seoul's Trade Ministry said.
 
Trade Minister Yeo Han-koo and Pakistan's Commerce Minister Jam Kamal Khan held a virtual meeting to explore ways to expand economic cooperation, according to the Ministry of Trade, Industry and Energy.
 

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The two sides agreed to proceed with detailed discussions in an initial round of negotiations, though no schedule was disclosed.
 
Yeo also requested support from the Pakistani government to help create a more favorable business environment for Korean companies seeking to invest or expand operations in the country, the ministry added.
 
Pakistan, with a population of around 240 million, is the world's fifth-most populous country and is considered a strategic hub linking the Middle East, Central Asia and South Asia.
 
Bilateral trade between Korea and Pakistan stood at about US$1.57 billion last year.

Yonhap
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