The Korea Times
Trade Minister Yeo Han-koo said Tuesday he has asked India to expand naphtha exports to Korea as supply disruptions of the key industrial material tied to the Middle East crisis continue to affect the country. Yeo said he made the request during a meeting with his Indian counterpart, Piyush Goyal, during this week's World Trade Organization (WTO) ministerial conference in Cameroon. "We made the emergency request as our biggest import item from India is naphtha, accounting for around 20 to 21 percent of Korea's overall imports from the country," Yeo said at a press briefing after returning from the trip. The Seoul government will push for working-level consultations with India to move forward the discussion, he said. Korea has been facing difficulties in supplying naphtha, an industrial feedstock widely used in the petrochemical and other industries, as it relies heavily on imports. About half of its supply comes from overseas, with roughly 70 percent sourced from the Middle East. Last year, Korea imported about 26.84 million tons of naphtha, shipping the biggest portion from the United Ar
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