Gyeonggi FTA Center Selected as Best FTA Institution for 11 Consecutive Years

The Gyeonggi FTA Trade Promotion Center has been selected as the best institution for 11 consecutive years in the government project evaluation.

Gyeonggi Province announced on the 21st that the Gyeonggi FTA Center was selected as the best institution for 11 consecutive years in the "2023 Regional FTA Trade Promotion Center Project Evaluation," hosted by the Ministry of Trade, Industry and Energy, which evaluates the major project achievements, progress status, and project execution fidelity of 18 regional FTA centers nationwide every year.

The utilization rate of equipment at the Gyeonggi FTA Center by small and medium-sized enterprises and mid-sized companies in Gyeonggi Province increased by 31.5 percentage points, from 54.7% in 2022 to 86.2% in 2023.

In particular, the Gyeonggi FTA Center attracted attention in this evaluation by increasing the FTA utilization rate of small and medium-sized enterprises (SMEs) and mid-sized companies from 54.7% in 2022 to 86.2% in 2023, a rise of 31.5 percentage points.

This year, the Gyeonggi FTA Center will support the expansion of export routes and the establishment of market entry strategies for export companies by aligning with the expected enforcement within the year of the Korea-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA) and the Korea-Gulf Cooperation Council (GCC) Free Trade Agreement (FTA), as well as responding to newly enforced trade agreements and non-tariff barriers such as Middle East halal certification, focusing on the latest export trends and FTA utilization methods in the Middle East region.

Additionally, in response to the changing global trade environment such as the European carbon border tax, which has mandated the submission of carbon emission reports since January this year, the center will conduct annual training sessions and briefings, as well as provide on-site carbon neutrality response pre-assessment services and consulting support for carbon emission calculation.

A Gyeonggi Province official stated, "Our efforts to utilize FTAs and support trade seem to be yielding good results," and added, "Despite increasingly diverse trade barriers and a challenging trade environment, we will continue to work with the Gyeonggi FTA Center to support the market development and export of SMEs in the province."

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