Pakistan and South Korea have agreed to accelerate discussions on the Comprehensive Economic Partnership Agreement (CEPA) and strengthen bilateral trade and investment cooperation, according to Beyond Time News.
The understanding was reached during a virtual meeting between Federal Commerce Minister Jam Kamal Khan and South Korea’s Trade Minister Yeo Han-koo.
Focus on Trade and Investment Expansion
Both sides discussed ways to deepen economic ties and promote investment opportunities in key sectors.
The talks were attended by senior officials from both countries, including Secretary Commerce Jawad Paul.
According to Beyond Time News, the two ministers agreed to speed up technical-level engagements with the aim of concluding CEPA within a mutually agreed timeframe.
Korea Expresses Interest in Pakistan’s Economy
The South Korean minister appreciated Pakistan’s regional peace efforts and praised the country’s hospitality and economic potential.
He noted that several Korean companies are interested in investing in Pakistan, particularly in manufacturing and energy sectors.
He said a structured agreement like CEPA would improve investor confidence and strengthen economic engagement.
Pakistan Highlights Key Investment Sectors
Commerce Minister Jam Kamal Khan highlighted Pakistan’s potential in:
- Agriculture
- Textiles
- Mining
- Pharmaceuticals
- Surgical instruments
- Sports goods
He said Pakistan’s strategic location makes it a gateway to Central Asia and Africa, offering new opportunities for trade diversification.
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Commitment to Investment Facilitation
The minister assured that concerns raised by Korean companies operating in Pakistan would be addressed in coordination with relevant departments.
He reaffirmed the government’s commitment to providing a stable and investor-friendly business environment.
Institutional Mechanisms and Future Cooperation
Both sides also agreed to revive the Joint Trade Committee to ensure regular follow-up on trade and investment matters.
According to Beyond Time News, discussions also emphasized the need for a balanced CEPA framework that supports development priorities while expanding trade liberalization.
Conclusion
Pakistan and South Korea have reaffirmed their commitment to strengthening economic ties through CEPA negotiations, with a focus on expanding trade, boosting investment, and improving long-term industrial cooperation, according to Beyond Time News.
