Real-Time Response to US-China Disputes and Brexit... Joint Public-Private Trade Center in Operation

The second from the right is Yoo Myung-hee, Chief Negotiator of the Ministry of Trade, Industry and Energy. (Photo by Ministry of Trade, Industry and Energy)

[Asia Economy Reporter Moon Chaeseok] A joint public-private center that promptly responds to external trade-related variables such as the US-China trade dispute and Brexit (the United Kingdom's withdrawal from the European Union) will be fully operational.

The Ministry of Trade, Industry and Energy and the Korea International Trade Association announced on the 30th that they will hold the opening ceremony of the 'Trade Support Center' and a trade forum from 2 p.m. at the Korea International Trade Association in Samseong-dong, Seoul. About 150 industry and academic officials, including Yoo Myung-hee, head of the Ministry's Trade Negotiations Bureau, and Kim Young-joo, chairman of the Korea International Trade Association, will attend the event.

The Ministry plans to fully operate the center starting this year to proactively respond to trade uncertainties caused by the spread of protectionism and unilateralism.

The center will conduct ▲ in-depth analysis and research on trade issues ▲ database (DB) construction ▲ domestic and international private outreach activities ▲ joint think tank seminars ▲ participation in major institution conferences such as the World Trade Organization (WTO).

Director Yoo is expected to diagnose that uncertainties in the trade environment will continue this year as they did last year. He will emphasize that the government will actively pursue trade policies such as ▲ continuously expanding the economic cooperation base with emerging markets ▲ actively preparing for global digital trade ▲ contributing to the restoration of the WTO multilateral system.

At the forum following the center's opening ceremony, Professor Lee Hyemin of Seoul National University's Graduate School of International Studies will deliver a keynote speech titled "2020 Trade Environment Surrounding Korea and Response Strategies."

In the subsequent panel discussion, topics will include ▲ the direction of disputes after the US-China Phase One agreement ▲ the weakening of WTO functions and Korea's response measures ▲ digital trade using data and corporate responses, discussing Korea's trade strategy for this year.

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