The Korea International Trade Association (Chairman: Kim Young-ju) held ‘International Conference on Prospects and Challenges for 2021 Global Trade Environment’ on November 30^th and December 1^st.

During the European Session held in the afternoon of December 30, a number of experts including Professor Lee Hye-min at SNU Graduate School of International Studies, Director Je Hyun-jeong of KITA Center for Trade Studies & Cooperation, Director Ignacio Garcia Bercero of the Directorate General for Trade of the European Commission, and Professor Alan Winters at University of Sussex joined the online meeting and discussed EU trade policies and WTO’s crises including Brexit, digital service taxes, carbon border adjustments.

Chairman Kim Young-ju of KITA stated in his opening speech, “Environmental policies and digital policies of various countries are expected to be in full swing next year, and they could grow into trade conflicts between countries.” He added, “We will have to endeavor to minimize any troubles or conflicts that might arise by establishing multilateral trade standards.”7