
Pakistan and South Korea agree to accelerate CEPA talks to boost trade, investment, and economic cooperation across key sectors.
Pakistan and South Korea have agreed to accelerate negotiations on the Comprehensive Economic Partnership Agreement (CEPA) to strengthen bilateral trade and investment cooperation.
The decision was made during a virtual meeting between Pakistan’s Commerce Minister Jam Kamal Khan and South Korea’s Trade Minister Yeo Han-koo, with senior officials from both sides also in attendance.
Both parties emphasised the need to expedite technical discussions and work toward concluding the agreement within a mutually agreed timeframe. The ministers agreed that the CEPA should be ambitious, balanced, and aligned with the economic realities of both countries.
Pakistan highlighted investment and trade opportunities across key sectors, including agriculture, mining, textiles, pharmaceuticals, surgical instruments, and sports goods. The government also underscored Pakistan’s strategic position as a gateway to Central Asia and Africa.
South Korea noted growing interest among its companies to invest in Pakistan, particularly in manufacturing and energy, and stressed that a structured agreement like CEPA would enhance investor confidence.
The two sides also discussed establishing a joint trade committee to ensure regular engagement and effective follow-up on trade matters, while reaffirming commitments to address investor concerns and support a conducive business environment.
