Korea, Singapore, New Zealand review progress in green trade pact talks
Korea, Singapore and New Zealand have discussed progress in negotiations and key outstanding issues related to their trilateral Green Economy Partnership Agreement (GEPA), the industry ministry said Thursday. Senior officials from the three countries held a videoconference ahead of the APEC Economic Leaders' Week, scheduled to begin next week in China, according to the Ministry of Trade, Industry…
Korea, Singapore, and New Zealand have been discussing progress and outstanding issues in their trilateral Green Economy Partnership Agreement (GEPA) negotiations, according to the Ministry of Trade, Industry and Resources. Senior officials from all three nations held a videoconference ahead of the upcoming APEC Economic Leaders Week, set to commence in China the following week.
The GEPA aims to tackle the challenges posed by trade-related climate measures (TrCMs), such as the European Union's Carbon Border Adjustment Mechanism (CBAM). The EU's CBAM is a policy instrument designed to ensure that imported goods bear a carbon price comparable to that of domestically manufactured products.
In addition to addressing TrCMs, the three countries plan to expand exchanges of policies and technologies in the aerospace and construction sectors. This collaboration aims to promote sustainable industrial growth. Negotiations on the GEPA are ongoing.
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.
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