Overview
- Pakistan and South Korea agreed in a virtual meeting to speed up technical work toward a Comprehensive Economic Partnership Agreement with a target timeline.
- The ministers decided to bring back a joint trade committee to ensure steady follow-up on trade issues and implementation.
- South Korea said many of its firms want to invest in Pakistan, especially in manufacturing and energy, and noted a CEPA would lift investor confidence.
- Pakistan pledged to resolve issues raised by Korean companies and to keep a stable, business-friendly setting for foreign investors.
- Pakistan called for development-sensitive tariff cuts with asymmetry under the deal to reflect its needs, and its technical teams will soon send feedback on the remaining chapters.