{"id":23737,"date":"2025-01-09T06:01:27","date_gmt":"2025-01-09T06:01:27","guid":{"rendered":"https:\/\/theasiantelegraph.global\/?p=23737"},"modified":"2025-01-09T06:01:28","modified_gmt":"2025-01-09T06:01:28","slug":"commerce-minister-in-south-korea-to-boost-bilateral-ties","status":"publish","type":"post","link":"https:\/\/theasiantelegraph.global\/?p=23737","title":{"rendered":"Commerce Minister in South Korea to boost bilateral ties"},"content":{"rendered":"\n
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Commerce Minister Jam Kamal Khan\u2019s Korea Visit: Advancing Economic Partnerships<\/p>\n\n\n\n

Seoul \u2013 Federal Minister for Commerce, Jam Kamal Khan, commenced his official three-day visit to South Korea with a series of impactful meetings aimed at strengthening Pakistan\u2019s economic ties with Korea. The focus of the visit is on advancing negotiations for the Economic Partnership Agreement (EPA), boosting bilateral trade, and attracting Korean investment.<\/p>\n\n\n\n

Minister Khan engaged with Ko Kwang-hyo, Commissioner of the Korea Customs Service (KCS), to discuss enhancing customs cooperation. Both sides emphasized the importance of finalizing the pending Agreement on Mutual Assistance in Customs Matters, which is set to streamline trade processes and complement EPA negotiations.<\/p>\n\n\n\n

Minister Khan met with Byung-Kwan (Bob K.) Kim, Chairman of the Korea Importers Association (KOIMA), to discuss expanding trade collaboration. He highlighted Pakistan\u2019s macroeconomic recovery, including reduced inflation and interest rates, and invited Korean manufacturers to the Food Ag Exhibition in Lahore, scheduled for February 26\u201328, 2025. Chairman Kim appreciated Pakistan\u2019s progress and encouraged Pakistani businesses to participate in the Korea Import Fair in July 2025.<\/p>\n\n\n\n

The minister attended a lunch hosted by three former Korean ambassadors to Pakistan, who welcomed the initiation of EPA negotiations. They highlighted the agreement\u2019s potential to attract foreign direct investment (FDI) and significantly enhance trade volumes. The ambassadors praised the minister\u2019s role in expediting internal approval processes and strengthening bilateral ties.<\/p>\n\n\n\n

The Pakistan Business Association Korea hosted a dinner in Minister Khan\u2019s honor, attended by over 300 Pakistani businessmen. The minister apprised the attendees of the benefits of the EPA and assured the diaspora of government support in addressing their challenges. He emphasized Pakistan\u2019s economic stabilization and the importance of their investment in the country\u2019s growth. A shield was presented to the minister in recognition of his efforts.<\/p>\n\n\n\n

The minister also met with CEOs of leading Korean firms. The CEO of Stardust Company expressed interest in investing in Pakistan, focusing on anti-counterfeiting technologies. Meanwhile, the CEO of STS Robotech presented robotics innovations for food production and shared his contributions to the Pakistani diaspora in Korea.<\/p>\n\n\n\n

The first day of Minister Jam Kamal Khan\u2019s visit laid a strong foundation for advancing Pakistan-Korea economic relations. Through high-level engagements and strategic discussions, the minister reinforced Pakistan\u2019s commitment to fostering trade, investment, and long-term partnerships with South Korea.<\/p>\n","protected":false},"excerpt":{"rendered":"

Commerce Minister Jam Kamal Khan\u2019s Korea Visit: Advancing Economic Partnerships Seoul \u2013 Federal Minister for Commerce, Jam Kamal Khan, commenced his official three-day visit to South Korea with a series… <\/p>\n","protected":false},"author":8,"featured_media":23738,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,13],"tags":[215,231,2277],"class_list":["post-23737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-main-stories","tag-embassy-of-korea-pakistan","tag-ministry-of-commerce-pakistan","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/23737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23737"}],"version-history":[{"count":1,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/23737\/revisions"}],"predecessor-version":[{"id":23739,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/posts\/23737\/revisions\/23739"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=\/wp\/v2\/media\/23738"}],"wp:attachment":[{"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theasiantelegraph.global\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}