Islamabad, Pakistan – Web Desk: Pakistan and South Korea have agreed to establish a Joint Trade Committee and enhance bilateral investment following a virtual meeting between their commerce ministers, signaling a renewed push to deepen economic cooperation.
Pakistan’s Federal Minister for Commerce, Jam Kamal Khan, and South Korea’s Trade Minister, Yeo Han-koo, discussed initiating consultations on a Comprehensive Economic Partnership Agreement (CEPA), aimed at expanding trade and strengthening commercial ties between the two countries.
Both sides reaffirmed their commitment to boosting economic relations and unlocking new avenues for collaboration. The Korean minister praised Pakistan’s efforts to promote regional peace, particularly its role in easing tensions in the US-Iran context, describing Islamabad’s diplomatic engagement as beneficial for global stability.
He noted that several Korean companies are keen to invest in Pakistan, viewing it as a safe and attractive destination, particularly in the manufacturing and energy sectors.
Jam Kamal Khan highlighted Pakistan’s position as a responsible state committed to peace and emphasized the importance of expediting CEPA negotiations within a defined timeframe. He also pointed to opportunities in agriculture, textiles, minerals, and sports goods, describing Pakistan as a potential trade gateway to Central Asia and Africa.
The minister reiterated the government’s commitment to providing a business-friendly environment for foreign investors and assured support in resolving issues faced by Korean firms. Both sides also agreed to operationalize the Joint Trade Committee to ensure sustained engagement.
