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A seminar on the outlook and response measures of the global trading environment in 2022
2022-01-12 hit 156
A seminar on the outlook and response measures of the global trading environment in 2022
A seminar on the outlook and response measures of the global trading environment in 2022
A seminar on the outlook and response measures of the global trading environment in 2022
A seminar on the outlook and response measures of the global trading environment in 2022

Korea International Trade Association (Chairman: Christopher Koo), Seoul National University Graduate School of International Studies and the International Trade Research Institute at Lee & Ko Law Firm co-hosted a seminar on the outlook and response measures of the global trading environment in 2022.


Gwan-seop Lee, the Vice President of KITA mentioned in his opening remarks, “Greater uncertainties in the trading environment are surfacing, fuelled by conflicts among major nations, such as the U.S. and China.” He also said, “We will engage more with relevant officials from enterprises and experts from home and abroad to examine trade risks to which our companies can be exposed and design proper response measures.”


Gary Hufbauer, a non-resident senior fellow at Peterson Institute for International Economics (PIIE), took part in today’s seminar and said, “Although the direction of the Biden administration’s trade policy maintains a similar direction implemented during the Trump administration period, issues relevant to social values are prioritized such as labor, environment and human rights.” He also mentioned, “President Biden aims to cooperate with Asian nations through Indo-Pacific Economic Framework (IPEF) - a tool to secure a favorable position in its competition with China” and anticipated, “This plan may see disruptions due to opposition within the Democratic Party of working with Asian nations, which will consequently interrupt practical discussions on free-trade this year.”
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