Pakistan, South Korea move closer to CEPA
The first round of Comprehensive Economic Partnership Agreement (CEPA) negotiations between Pakistan and South Korea had been successfully concluded, and the second round was expected soon, said Federal Minister for Commerce Jam Kamal Khan. The minister said the agreement, once finalised, would open new avenues for Pakistani exporters and further strengthen bilateral economic relations. The…
Federal Minister for Commerce Jam Kamal Khan announced that the initial Comprehensive Economic Partnership Agreement (CEPA) discussions between Pakistan and South Korea have reached a successful conclusion, with the second round of talks set to follow. The successful negotiations, as detailed in a statement, will unlock fresh opportunities for Pakistani exporters and reinforce the economic ties between the two nations.
This significant move was highlighted during the Pakistan-Korea Trade & Investment Conference, which was held in Seoul and gathered over 170 Pakistani businesspeople and Korean businessmen. The conference produced six Memoranda of Understanding (MOUs), covering sectors like textiles, cosmetics, oil, and IT services, signaling the beginning of concrete partnerships.
The event also saw the attendance of 91 Korean and 82 Pakistani businessmen, including members of the diaspora and representatives from the Sialkot and Gujranwala Chambers of Commerce. Officials from the Special Investment Facilitation Council and the Trade Development Authority of Pakistan addressed the attendees, shedding light on Pakistan's potential in various industries.
The conference concluded with plans for a follow-up event in Seoul in March 2027, aimed at capitalizing on the progress made as CEPA negotiations advance.
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