Gu Ja-yeol, Chairman of Muhyeop, Meets with 'African Continental Free Trade Area Chief'
Discussion on Korea-Africa Trade and Economic Cooperation Measures
Gu Ja-yeol, Chairman of the Korea International Trade Association, met with Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), on the 25th at the Trade Tower in Samseong-dong, Seoul, to discuss ways to expand trade and economic cooperation between Korea and Africa. AfCFTA is a free trade area comprising 54 of the 55 African Union member countries, excluding Eritrea, aiming to create an integrated market within Africa.
At the meeting, Chairman Gu stated, "With the launch of AfCFTA, the status and importance of the African continent are increasing," and added, "Expanding economic cooperation between Korea and the African continent is important for both Korea and Africa." He also explained, "The expansion of our companies' entry into and exchanges with Africa will serve as a foundation to realize Africa's development potential and promote industrialization." Furthermore, he presented the task of "expanding Korea-Africa relations to a new horizon, including establishing supply chain partnerships with African countries."
Wamkele Mene, Secretary-General of the African Continental Free Trade Area (left), and Koo Ja-yeol, Chairman of the Korea International Trade Association, are taking a commemorative photo during a meeting. /
To expand trade and commercial relations with Africa, Chairman Gu hosted the 'Networking Dinner with the African Diplomatic Corps in Korea' in October last year. In May, he also co-hosted the 'Korea-Africa Business Summit,' making efforts to diversify cooperation with Africa.
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The Korea International Trade Association plans to support the successful hosting of the '2024 Korea-Africa Special Summit.' Additionally, to strengthen Korea-Africa economic and trade cooperation, it will hold joint events with related organizations and support the global business activities of Korean companies.
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