Director General of Trade Negotiations Discusses Strengthening International Cooperation on Supply Chains at the 'G20 Trade and Investment Ministers' Meeting'

Andeok Geun, Head of the Trade Negotiations Division at the Ministry of Trade, Industry and Energy, will attend the 'G20 Trade and Investment Ministers' Meeting' held in Jaipur, India, from the 24th to the 25th, to discuss ways to strengthen international cooperation on supply chains.

At this meeting, trade ministers from G20 member countries will address agendas such as inclusive trade, World Trade Organization (WTO) reform, trade and investment for resilient global value chains (GV), participation of small and medium-sized enterprises in international trade, and logistics for trade.

In the first session themed "Multilateral Trade for Growth and Prosperity," Head Andeok will introduce South Korea's efforts as a country that has grown through trade, now sharing its experience and knowledge through Economic Partnership Agreements (EPA) and Trade and Investment Promotion Frameworks (TIPF) under the framework of development cooperation partnerships, pursuing joint prosperity.

He will also emphasize the importance of successfully completing WTO reform to restore trust in the multilateral trade order as a means for growth and prosperity, and plans to express South Korea's commitment to contributing to the outcomes of WTO reform at the 13th WTO Ministerial Conference (February 2024, UAE).

In the session related to "Inclusive and Resilient Trade," he will highlight that in the context of rapid supply chain restructuring due to the global complex crisis, cooperation and solidarity among countries are key to establishing stable supply chains, and will call for strengthened cooperation among member countries to enhance transparency and predictability in supply chain-related measures.

In the final session on "Utilizing Technology for Paperless Trade," he will introduce South Korea's policy efforts for digital trade and share South Korea's efforts and commitment to actively participate in establishing digital trade norms to create a business environment aligned with digital transformation.

Anduk Geun, Director General for Trade Negotiations at the Ministry of Trade, Industry and Energy. (File photo)
[Image source=Yonhap News]

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