Next Month in Busan: 4th IPEF Negotiation Focused on 'Trade, Clean Economy, and Fair Economy'

Earlier This May, 'Gonggumnang Agreement' Reached

Next month, the 4th official negotiations of the Indo-Pacific Economic Framework (IPEF) will be held in Busan (BEXCO), focusing on three areas: trade, clean economy, and fair economy.

The Ministry of Trade, Industry and Energy announced on the 14th that the 4th official IPEF negotiations will be held in Busan for seven days from the 9th to the 15th of next month.

The negotiations will involve government negotiation teams from 14 countries, including the United States, Japan, Australia, Singapore, Vietnam, and India, led by deputy minister (or deputy assistant minister)-level chief representatives. From Korea, Director General Noh Geon-gi of the Trade Negotiations Office will attend.

Since its launch in May last year, IPEF has conducted negotiations divided into four areas: trade, supply chains, clean economy, and fair economy. Among these, the supply chain agreement was concluded last May in Detroit, USA.

The 4th negotiations will continue the momentum created by the conclusion of the supply chain agreement and focus on advancing the remaining three areas: trade, clean economy, and fair economy.

Korea is a leading country actively participating in the IPEF negotiations. Following Australia, Indonesia, and Singapore, Korea will host the 4th official negotiations, contributing to the progress of the talks and supporting the promotion of the 2030 Busan World Expo bid through the Busan venue.

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