The 3rd Korea-Russia Service and Investment FTA Negotiations to be Held from 15th to 17th

The photo shows President Moon Jae-in and Russian President Vladimir Putin having a conversation at the Shangri-La Hotel in Singapore during the ASEAN Summit on November 14, 2018. (Photo by Yonhap News)

[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy announced on the 14th that it will hold the 3rd round of free trade agreement (FTA) negotiations on services and investment sectors with the Russian Ministry of Economic Development in Moscow, Russia, from the 15th to the 17th.

The Korean side will be represented by a government delegation led by Jeon Yoonjong, the FTA Policy Officer of the Ministry of Trade, Industry and Energy, while the Russian side will be represented by a government delegation led by Mariya Baranova, Deputy Director of the Trade Negotiation Department of the Ministry of Economic Development.

The Ministry of Trade, Industry and Energy stated that during this negotiation, they plan to actively conduct agreement text negotiations by subcommittees (services, investment, and general provisions).

The two countries held two rounds of negotiations and inter-session consultations last year in Moscow in June and Seoul in October, agreeing on the structure of the agreement text, key components, and methods of market opening and liberalization.

This year marks the 30th anniversary of diplomatic relations between Korea and Russia, and efforts are underway to further accelerate the negotiations.

Policy Officer Jeon said, "We will accelerate the FTA negotiations on services and investment with Russia to improve the conditions for Korean companies to enter the Russian market and to promote economic cooperation between Korea and Russia."

This content was produced with the assistance of AI translation services.