The Korea Times
Korea and the European Union (EU) established Tuesday a special joint committee to discuss emerging trade and economic issues, including the EU's push for industrial regulations, Seoul's trade ministry said. The Korea-EU Specialized Committee on Emerging Trade and Economic Issues held its inaugural meeting in Seoul, jointly led by Korean Vice Trade Minister Park Jung-sung and the EU's director general for trade and economic security, Sabine Weyand. The vice trade ministerial committee was newly established to help the two sides jointly respond to recent shifts in the global trade environment, including global supply chain restructuring and the rise of trade protectionism, according to the Ministry of Trade, Industry and Resources. In Tuesday's meeting, Park and Weyand exchanged views on pending trade issues between the two sides, including critical minerals, supply chains and advanced technologies. They agreed on the need to deepen collaboration in critical minerals as both Korea and the EU lack production infrastructure of such materials, and also concurred to explore a joint response t
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