President Moon Jae-in says South Korea will consider joining a mega trade pact in the Asia-Pacific region, highlighting the need to diversify Seoul’s trading partners.
At an event Tuesday to celebrate the country’s 57th Trade Day, he said countries around the world will be stepping up to grab a larger market share in the post-virus era.
At an event Tuesday to celebrate the country’s 57th Trade Day, he said countries around the world will be stepping up to grab a larger market share in the post-virus era.
We will continue to review joining the CPTPP. We will also actively join discussions in the global community, such as the WTO and G20, to restore free trade and multilateralism and to lower trade barriers.
The CPTPP or Comprehensive and Progressive Agreement for Trans-Pacific Partnership brings together 11 countries, including Japan and Canada.
It evolves from the TPP led by the Obama administration but scrapped by President Trump.
President Moon also vowed to expand South Korea’s free trade network by speeding up negotiations with new countries.
He said the strongest weapon against protectionism is making good products.
Reporter : kimmj@arirang.com
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