Government Discusses Supply Chain Cooperation with UNIDO... "Supporting Green Transition in Developing Countries"

Ye Han-gu, Chief Negotiator for Trade, Meets with U.S. Deputy Secretary of Commerce
(Seoul=Yonhap News) Ye Han-gu, Chief Negotiator for Trade at the Ministry of Trade, Industry and Energy (second from right), met with Don Graves, U.S. Deputy Secretary of Commerce, in Washington D.C. on the 3rd (local time) to discuss Korea-U.S. export controls against Russia. March 4, 2022
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[Asia Economy Sejong=Reporter Lee Junhyung] The government discussed supply chain cooperation measures with the United Nations Industrial Development Organization (UNIDO).

The Ministry of Trade, Industry and Energy announced that Yeohangu, the head of the Trade Negotiation Headquarters, held a video meeting on the 8th with Gerd M?ller, the newly appointed Secretary-General of UNIDO. UNIDO is a UN specialized agency that supports the modernization of industrial and manufacturing development in developing countries and strengthens cooperation between developing and developed countries. During the meeting, Head Ye discussed strengthening supply chains for raw materials in developing countries, supporting industrial development such as green transition, and expanding the role of Koreans in international organizations including UNIDO.

The government expressed its position to actively cooperate with UNIDO to support the green transition of industrial structures in developing countries. The government plans to introduce its policy direction related to carbon neutrality and efforts to transform industrial structures to developing countries.

Secretary-General M?ller evaluated Korea’s efforts for green transition as a model for developing countries. He stated, “The establishment project of the Ulsan Eco-Industrial Park was recognized domestically and internationally, and in 2016 it was selected as the host of the 4th UNIDO Green Industry Conference. Also, last year, UNIDO and the Korea Energy Agency agreed to promote cooperation to activate the spread of renewable energy in developing countries, which well demonstrates this.”

Head Ye stated that based on Korea’s experience of achieving successful industrial development in a short period, he would contribute to the major goals of UNIDO and the international community. He emphasized that Korea has been one of the 53 member states of UNIDO since 1988. He added that since 1987, Korea has operated investment promotion offices to share industrial development experience with developing countries.

Head Ye also emphasized the importance of strengthening supply chains. He introduced the government’s policy efforts to accurately and promptly share necessary information through bilateral trade cooperation to reduce supply chain risks in developing countries and to jointly respond to potential supply chain disruptions in emergencies.

Additionally, Head Ye said, “If more Koreans advance into UNIDO, it will help seek closer cooperative relationships.” In response, Secretary-General M?ller said, “Officials dispatched from the Korean government have played an important role so far,” and added, “I will pay attention to expanding Korea’s presence in UNIDO in the future.”

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