{"id":40210,"date":"2025-01-09T08:34:49","date_gmt":"2025-01-09T08:34:49","guid":{"rendered":"https:\/\/pakistanintheworld.pk\/live\/?p=40210"},"modified":"2025-01-09T08:34:49","modified_gmt":"2025-01-09T08:34:49","slug":"commerce-minister-jam-kamal-khans-korea-visit-advancing-economic-partnerships","status":"publish","type":"post","link":"https:\/\/pakistanintheworld.pk\/live\/commerce-minister-jam-kamal-khans-korea-visit-advancing-economic-partnerships\/","title":{"rendered":"Commerce Minister Jam Kamal Khan\u2019s Korea Visit: Advancing Economic Partnerships"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-40212\" src=\"https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2025\/01\/Korea-Pakistan-1.jpg\" alt=\"\" width=\"500\" height=\"344\" srcset=\"https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2025\/01\/Korea-Pakistan-1.jpg 500w, https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2025\/01\/Korea-Pakistan-1-300x206.jpg 300w, https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2025\/01\/Korea-Pakistan-1-100x70.jpg 100w, https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2025\/01\/Korea-Pakistan-1-218x150.jpg 218w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><em><strong>Seoul: January 7, 2024:Federal Minister for Commerce Jam Kamal Khan arrived in South Korea for a three-day official visit aimed at boosting bilateral economic relations and fostering trade and investment opportunities.<\/strong><\/em><\/p>\n<p>Upon his arrival, the minister was warmly welcomed by officials from the Pakistani Embassy, the Trade and Investment Office (TIO), and the Pakistan Business Association Korea. A bouquet of flowers was presented to him, and the group marked the occasion with a commemorative photograph.<\/p>\n<p>During the visit, Minister Khan is set to sign the Pakistan-Korea Economic Partnership Agreement (EPA), a landmark development expected to double the trade volume between the two countries. The agreement also aims to position Pakistan as a competitive destination for Korean manufacturing operations, leveraging the nation\u2019s strategic location and lower production costs.<\/p>\n<p>The minister\u2019s itinerary includes meetings with the Korean Trade Minister, leading Korean investors, and representatives from K-EXIM Bank to discuss the expansion of financial cooperation. He will also engage with the International Economic Institute to explore strategies for attracting Korean industries to relocate operations to Pakistan.<\/p>\n<p>The Pakistan Business Association Korea will play a pivotal role in facilitating dialogue between Minister Khan and the Pakistani business community in Korea. A gathering with Pakistani laborers in Korea is also planned to recognize their contributions and strengthen community ties.<\/p>\n<p>This high-stakes visit reflects Pakistan\u2019s commitment to fostering robust economic engagement with Korea and promoting sustainable trade and investment partnerships.<\/p>\n<p><iframe loading=\"lazy\" title=\"Commerce Minister Jam Kamal Khan\u2019s Korea Visit: Advancing Economic Partnerships\" width=\"696\" height=\"522\" src=\"https:\/\/www.youtube.com\/embed\/lK-1HkK2trY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><em><strong>On 08 Jan 2025, Minister Jam Kamal Khan, commenced his official three-day visit to South Korea with a series of impactful meetings aimed at strengthening Pakistan\u2019s economic ties with Korea. The focus of the visit is on advancing negotiations for the Economic Partnership Agreement (EPA), boosting bilateral trade, and attracting Korean investment.<\/strong><\/em><\/p>\n<p>Minister Khan engaged with Ko Kwang-hyo, Commissioner of the Korea Customs Service (KCS), to discuss enhancing customs cooperation. Both sides emphasized the importance of finalizing the pending Agreement on Mutual Assistance in Customs Matters, which is set to streamline trade processes and complement EPA negotiations.<\/p>\n<p>Minister Khan met with Byung-Kwan (Bob K.) Kim, Chairman of the Korea Importers Association (KOIMA), to discuss expanding trade collaboration. He highlighted Pakistan\u2019s macroeconomic recovery, including reduced inflation and interest rates, and invited Korean manufacturers to the Food Ag Exhibition in Lahore, scheduled for February 26\u201328, 2025. Chairman Kim appreciated Pakistan\u2019s progress and encouraged Pakistani businesses to participate in the Korea Import Fair in July 2025.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"Nc7adrEcx2\"><p><a href=\"https:\/\/pakistanintheworld.pk\/live\/north-korean-troops-in-russia-involve-asia-in-the-war-russia-using-occupied-nuclear-sites-in-ukraine-for-its-nuke-threats-belarus-facilitating-human-smuggling-from-middle-east-ambassador-poland\/\">North Korean Troops in Russia Involve Asia in the War &#8211; Russia Using Occupied Nuclear Sites in Ukraine for its NUKE Threats &#8211; Belarus Facilitating Human Smuggling from Middle East : Ambassador Poland<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;North Korean Troops in Russia Involve Asia in the War &#8211; Russia Using Occupied Nuclear Sites in Ukraine for its NUKE Threats &#8211; Belarus Facilitating Human Smuggling from Middle East : Ambassador Poland&#8221; &#8212; Pakistan In the World\" src=\"https:\/\/pakistanintheworld.pk\/live\/north-korean-troops-in-russia-involve-asia-in-the-war-russia-using-occupied-nuclear-sites-in-ukraine-for-its-nuke-threats-belarus-facilitating-human-smuggling-from-middle-east-ambassador-poland\/embed\/#?secret=GHfr7k0S1u#?secret=Nc7adrEcx2\" data-secret=\"Nc7adrEcx2\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>The minister attended a lunch hosted by three former Korean ambassadors to Pakistan, who welcomed the initiation of EPA negotiations. They highlighted the agreement\u2019s potential to attract foreign direct investment (FDI) and significantly enhance trade volumes. The ambassadors praised the minister\u2019s role in expediting internal approval processes and strengthening bilateral ties.<\/p>\n<p>The Pakistan Business Association Korea hosted a dinner in Minister Khan\u2019s honor, attended by over 300 Pakistani businessmen. The minister apprised the attendees of the benefits of the EPA and assured the diaspora of government support in addressing their challenges. He emphasized Pakistan\u2019s economic stabilization and the importance of their investment in the country\u2019s growth. A shield was presented to the minister in recognition of his efforts.<\/p>\n<p>The minister also met with CEOs of leading Korean firms. The CEO of Stardust Company expressed interest in investing in Pakistan, focusing on anti-counterfeiting technologies. Meanwhile, the CEO of STS Robotech presented robotics innovations for food production and shared his contributions to the Pakistani diaspora in Korea.<\/p>\n<p>The first day of Minister Jam Kamal Khan\u2019s visit laid a strong foundation for advancing Pakistan-Korea economic relations. Through high-level engagements and strategic discussions, the minister reinforced Pakistan\u2019s commitment to fostering trade, investment, and long-term partnerships with South Korea.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"dzOqRTIxkc\"><p><a href=\"https:\/\/pakistanintheworld.pk\/live\/pakistan-in-the-world-december-2024\/\">Pakistan in the World \u2013 December 2024<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Pakistan in the World \u2013 December 2024&#8221; &#8212; Pakistan In the World\" src=\"https:\/\/pakistanintheworld.pk\/live\/pakistan-in-the-world-december-2024\/embed\/#?secret=HpVARv05PS#?secret=dzOqRTIxkc\" data-secret=\"dzOqRTIxkc\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Seoul: January 7, 2024:Federal Minister for Commerce Jam Kamal Khan arrived in South Korea for a three-day official visit aimed at boosting bilateral economic relations and fostering trade and investment opportunities. Upon his arrival, the minister was warmly welcomed by officials from the Pakistani Embassy, the Trade and Investment Office (TIO), and the Pakistan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[1741,867,319,48,6562,1117],"_links":{"self":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts\/40210"}],"collection":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/comments?post=40210"}],"version-history":[{"count":4,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts\/40210\/revisions"}],"predecessor-version":[{"id":40215,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts\/40210\/revisions\/40215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/media\/40212"}],"wp:attachment":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/media?parent=40210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/categories?post=40210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/tags?post=40210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}