208 Cases of Import Restrictions on Korean Products... Government Discusses Response Measures
Ministry of Trade, Industry and Energy and Ministry of Foreign Affairs Jointly Hold Meeting of Overseas Mission Officers in Charge of Import Regulations
[Sejong=Asia Economy Reporter Kwon Haeyoung] The government reviewed the current status of import regulations imposed by various countries on Korean companies and examined countermeasures.
The Ministry of Trade, Industry and Energy announced on the 14th that it held the "Overseas Diplomatic Mission Import Regulation Officers Meeting" jointly with the Ministry of Foreign Affairs for two days starting from the 13th.
As of the end of last month, overseas countries have imposed a total of 208 import regulations (including 31 under investigation) on Korean products, including anti-dumping, countervailing duties, and safeguards.
Considering COVID-19, the meeting was held via video conference and attended by 33 people, including Yoon Changhyun, Director of Trade Law and Policy at the Ministry of Trade, Industry and Energy; Lee Miyeon, Director General of Bilateral Economic Diplomacy at the Ministry of Foreign Affairs; Kim Jindong, Counselor of Bilateral Economic Diplomacy at the Ministry of Foreign Affairs; and import regulation officers from 20 overseas missions located in countries with major import regulations.
Regarding import regulations of each country, the two ministries and overseas missions reviewed the current status of import regulation measures focusing on topics such as ▲system overview ▲introduction of work procedures ▲latest trends ▲activity reports by missions, and discussed effective countermeasures against import regulations.
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The government stated, "The two ministries are closely communicating with our industries and coordinating the government’s position," and added, "Going forward, the two ministries and major overseas missions will strengthen collaboration to respond organically to foreign import regulation measures imposed on our products."
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