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The 1st Emergency Response Meeting to Overcome Difficulties and Increase Exports per Industry
2023-01-05 hit 167
The 1st Emergency Response Meeting to Overcome Difficulties and Increase Exports per Industry
The 1st Emergency Response Meeting to Overcome Difficulties and Increase Exports per Industry
The 1st Emergency Response Meeting to Overcome Difficulties and Increase Exports per Industry
The 1st Emergency Response Meeting to Overcome Difficulties and Increase Exports per Industry
On the 5th, the Korea International Trade Association (KITA, Chairman Christopher Koo) held “the First Emergency Response Meeting to Overcome Difficulties and Increase Exports per Industry” at the Samsung-dong Trade Tower. KITA, the Ministry of Trade, Industry and Energy, 17 associations per industry, the Korea Industry Alliance Forum, major export companies from each industry participated in this public/private effort.

 

Despite Korean exports reaching a record high last year, this meeting was arranged in order to improve deteriorating export conditions and conceive improvement measures as the global economy experienced complex crises and uncertainties increased.

 

The First Emergency Response Meeting was held with the automobile, automobile components and secondary batteries as the industries of focus. A discussion was held on strengthened policies in major countries such as the U.S. and China to localize supply chains, and their impact on Korea companies. Discussions were also held on expanded domestic investment and effects of subsidy policies, and plans for strengthening the competitiveness of core industries.

 

Through five more meetings, KITA aims to provide support for establishment of policies aimed at early recovery of export vitality and expanding new export growth engines by reviewing the export situation of promising industries, such as nuclear defense plants, other than existing core products such as automobiles, shipping and steel.

 

At the Response Meeting, Jeong Marn-Ki, Executive Vice Chairman of KITA, said, “KITA is gravely aware of deteriorations in export conditions stemming from the ongoing complex crises and uncertainties in the global economy. For our economy to gain momentum again, we feel great responsibility to resolve the trade deficit and weakened exports.” “Through an Emergency Response Meeting for each Industry, we shall review the export situation of all industries, deliver emergency recommendations for companies to the government, and seek to have them reflected in policies,” he added.
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