Launch of Gwangju-Jeonnam Trade Promotion Agencies Council... Identifying Export Challenges

A council of trade promotion agencies has been launched to resolve trade and export-related difficulties faced by companies in the Gwangju and Jeonnam regions. This follows the government's initiative since early this year to establish trade promotion agency councils by region.

On the 25th, at the Jeonnam Job and Economy Promotion Agency in Muan, Jeonnam, 13 export support organizations from the Gwangju and Jeonnam regions gathered to inaugurate the Gwangju-Jeonnam Regional Trade Promotion Agency Council. The council aims to identify trade and export challenges, such as non-tariff barriers encountered by local companies overseas, through communication and cooperation among agencies. The Ministry of Trade, Industry and Energy plans to actively reflect the identified issues in trade negotiations and external talks with foreign countries to promptly resolve corporate difficulties.

An official from the Ministry of Trade, Industry and Energy stated, “We will actively address trade and export-related difficulties faced by companies on the ground by collaborating with relevant agencies by industry and sector.” The launch of the Gyeonggi Regional Trade Promotion Agency Council is scheduled for May, and the establishment of regional trade promotion agency councils is planned to be completed by June.

On the same day, a trade meeting was held with participation from local export companies, local governments, and 13 export support organizations from the Gwangju and Jeonnam regions. The event was organized to discuss solutions for trade and export difficulties faced by small and medium-sized enterprises and mid-sized companies in the Gwangju and Jeonnam regions, and to enhance companies’ understanding of the rapidly changing global trade environment, including legislative trends related to the EU supply chain and regulatory information on agricultural and marine product exports from various countries. Participating companies raised various issues and suggestions related to export and trade matters such as customs clearance, logistics, discovery of overseas buyers, quarantine measures in major countries, and the revision negotiations of the India Comprehensive Economic Partnership Agreement (CEPA).

No Geon-gi, Director of the Negotiation Office at the Ministry of Trade, Industry and Energy, said, “Since the driving force behind export recovery lies on the ground, all regional export support agencies will communicate frequently with companies to identify difficulties related to the overall trade environment. The government will also continuously monitor trade measures of various countries and discuss response strategies in areas where companies require support.”

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