Pakistan, South Korea set to sign EPA to boost bilateral trade

January 08, 2025 (MLN): To double the trade volume between Pakistan and South Korea, Federal Minister for Commerce, Jam Kamal Khan, will sign the Pakistan-Korea Economic Partnership Agreement (EPA) during his three-day visit to South Korea.

This agreement aimed at boosting bilateral economic relations and fostering trade and investment opportunities, as per the press release issued.

The agreement also aims to position Pakistan as a competitive destination for Korean manufacturing operations, leveraging the nation’s strategic location and lower production costs.

The minister’s itinerary includes meetings with the Korean Trade Minister, leading Korean investors, and representatives from K-EXIM Bank to discuss the expansion of financial cooperation.

He will also engage with the International Economic Institute to explore strategies for attracting Korean industries to relocate operations to Pakistan.

The Pakistan Business Association Korea will play a pivotal role in facilitating dialogue between Minister Khan and the Pakistani business community in Korea.

A gathering with Pakistani laborers in Korea is also planned to recognize their contributions and strengthen community ties.

This high-stakes visit reflects Pakistan’s commitment to fostering robust economic engagement with Korea and promoting sustainable trade and investment partnerships.

Copyright Mettis Link News