Islamabad (HRNW)- Pakistan and South Korea have agreed to establish a joint trade committee and enhance bilateral investment cooperation as both countries move toward strengthening economic ties. The understanding was reached during a virtual meeting between Federal Minister for Commerce Jam Kamal Khan and South Korean Minister for Commerce Yeo Han-koo, where both sides also agreed to begin consultations on a Comprehensive Economic Partnership Agreement (CEPA).
The meeting reaffirmed the commitment of both countries to deepen economic collaboration, expand trade opportunities, and encourage investment in key sectors. The South Korean Commerce Minister appreciated Pakistan’s leadership in promoting regional peace and acknowledged Pakistan’s diplomatic role in easing international tensions, noting that such efforts contribute positively not only to regional stability but also to global peace.
He added that several Korean companies are exploring investment opportunities in Pakistan, particularly in the manufacturing and energy sectors, describing Pakistan as a safe and attractive destination for business expansion. On the occasion, Jam Kamal Khan said Pakistan has consistently acted as a responsible state in promoting peace and called for fast-tracking CEPA negotiations to complete the agreement within a defined timeframe.
Highlighting Pakistan’s strengths in agriculture, textiles, minerals, and sports goods, he said the country has the potential to become a major trade gateway for Central Asia and Africa. He reiterated the government’s commitment to creating a business-friendly environment for foreign investors and assured support in resolving concerns faced by Korean companies. Both sides also agreed to operationalize the proposed joint trade committee to further accelerate economic cooperation.
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