Finance minister vows to expand trade network, review possible CPTPP membership
Korea's finance ministry vowed to make efforts to bolster the country's multilateral trade network, noting the government will begin gathering public opinion on possible membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Finance Minister Koo Yun-cheol made the remark during a meeting on external economic affairs with related ministers, stressing the…
Korea's finance ministry is committed to strengthening the nation's multilateral trade network, as the government plans to solicit public opinion on potential membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Finance Minister Koo Yun-cheol emphasized this during a meeting with related ministers, stressing the importance of strengthening ties with like-minded countries to stabilize supply chains.
The minister outlined the government's intention to review the possibility of joining CPTPP by carefully evaluating the tangible benefits to national interests and people's livelihoods that could be derived from membership. Minister Koo stated that joining the CPTPP would result in a high level of market opening, and the government would conduct a thorough analysis of its economic effects and impact on various industries from an objective standpoint, presenting the findings to the public.
The CPTPP is a multilateral trade pact led by Japan and currently comprises 12 members, including Australia, Canada, Mexico, and Britain. The government plans to scrutinize the potential implications of such a move.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
