Ministry of Trade, Industry and Energy: "Preparing for Trump’s Second Term Administration... Focusing Efforts on Minimizing Uncertainty for Korean Companies"

On the 13th, the Ministry of Trade, Industry and Energy held a video conference with commercial attach?s from major countries at the Government Complex Sejong to discuss trends in major countries related to the launch of the new U.S. administration and its impact on Korean companies operating locally.

The meeting was attended by commercial attach?s from nine countries including the United States, Japan, China, the European Union (EU), Geneva (WTO), the United Kingdom, Germany, Mexico, and Indonesia.

원본보기 아이콘

This meeting was held as the formation of the new U.S. administration is accelerating, increasing the need for close cooperation between the Trade Negotiation Headquarters and commercial attach?s. A Ministry of Trade, Industry and Energy official stated, "Once the new U.S. administration's trade and industrial policies are announced, significant changes are expected in the global economy and security, which could directly or indirectly affect our industrial and trade environment. It is important to comprehensively understand this and establish our response strategy more meticulously."

The commercial attach?s attending the meeting shared trends within their host countries related to the launch of the new U.S. administration and discussed support measures for Korean companies operating locally. During the transitional period to the new administration, the attach?s plan to actively monitor host country trends on the ground, seek cooperation measures, and focus all efforts on identifying opportunity factors by host country while closely communicating with the Trade Negotiation Headquarters to minimize uncertainties affecting Korean companies.

The Ministry of Trade, Industry and Energy plans to share the contents discussed at this meeting with Korean companies through future global trade strategy meetings and industry-specific roundtables, and continue calm and thorough responses as a public-private one team.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.