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  • KITA Held Policy Forum on ‘15 Years of FTA, Assessment and Challenges’
    2019-04-01 hit 364

    KITA Held Policy Forum on ‘15 Years of FTA, Assessment and Challenges’

     

    - Analyzed results of FTAs and sought strategies to reorganize FTA policies -


     

    The Comprehensive Support Center for FTA (Head: Vice Chairman Han Jin-hyun of KITA), of the Korea International Trade Association and the Ministry of Trade, Industry and Energy held a domestic trade policy forum under the theme of ‘15 Years of FTA, Assessment and Challenges’


     

    The forum was held on the occasion of the 15th anniversary of the Korea-Chile FTA, which was Korea’s first free trade agreement. Some 100 experts from the government, academia, and related organizations attended the forum and analyzed the results of the free trade agreements and discussed the direction of the FTA policy, considering the rapidly changing trade environment.


     

    Han Jin-hyun, vice chairman of the Korea International Trade Association, said in the opening speech, "While the number of success stories of the companies using free trade agreements is increasing, the analyses of the effects of free trade pacts on Korea’s economy and industries are rather insufficient." He added, "I hope that the conclusions from the discussions today will provide a new direction for Korea’s free trade agreement policy."


     

    Professor Ahn Duk-keun of Seoul National University said, "Currently, there is a phenomenon of building FTA blocks, which is led by huge economies such as the United States, European Union and Japan, establishing new trade norms and order.” He stressed, “Korea needs to seek the strategies to reorganize FTA policies in the future.”


     

    Jang Jang-jin at the Comprehensive Support Center said, “Based on the results of this discussion, we will hold follow-up meetings with the related organizations and experts until the second half of this year. We will continue to study to maximize the results of the free trade agreements.”


     

     

    The Korea International Trade Association has been operating the Comprehensive Support Center for FTA since 2012, providing services such as telephone consultation (1380 without area code) and customs brokers’ visit and consultation to small and medium-sized enterprises who are having difficulties in utilizing FTAs.


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