Vice trade minister calls for enhanced 'pragmatic' economic partnership with Norway

Vice Trade Minister Park Jung-sung met with his Norwegian counterpart on Tuesday to discuss ways to enhance bilateral economic partnership in a "pragmatic" approach amid global trade uncertainties, officials said. In their meeting in Seoul, Park and Norwegian Vice Trade Minister Ragnhild Sjoner Syrstad agreed on the need to bolster the countries' cooperation in supply chain stability and industrial competitiveness, the Ministry of Trade, Industry and Resources said. They agreed to continue talks to establish a pragmatic partnership, commending the planned resumption of the Korea-Norway Economic Cooperation Committee (KNECC) in 10 years, which is expected to help the two countries find joint projects based on private sector demand. The Federation of Korean Industries (FKI), a major Korean business lobby, and the Confederation of Norwegian Enterprises are scheduled to sign a memorandum of understanding for the reactivation of the KNECC, which last held a meeting in 2016, on Wednesday. Combining Korea's strengths in the manufacturing and ICT industries and Norway's maritime and energy exper