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 met to discuss the status of their trilateral Green Economy Partnership Agreement (GEPA) negotiations, according to the Ministry of Trade, Industry and Resources. Senior officials from the three nations engaged in a videoconference prior to the upcoming APEC Economic Leaders Week in China. The agreement aims to tackle trade-related climate measures, such as the EU's Carbon Border Adjustment Mechanism (CBAM), and support businesses in maintaining operational stability in a fluctuating global trade landscape.
The CBAM is an EU policy tool intended to ensure that imported goods are subject to a carbon price equivalent to that applied to domestically produced items. Additionally, the three countries intend to broaden exchanges of policies and technologies in the aerospace and construction sectors to foster sustainable industrial development.
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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