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Analysis South Korea’s CPTPP gambit aims to diversify ties but risks farmer backlashJoining trade pact faces Japan veto and domestic opposition, despite promising supply chain integration, Mexico access South Korea on Wednesday signaled its intent to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) — a 12 member state multilateral trade pact that could help the country diversify its trade ties at a moment of heightened global economic uncertainty. The announcement at an economic ministerial meeting came a day after Seoul signed a Strategic Economic Cooperation Agreement (SECA) with Ecuador, another move that highlighted the Lee Jae-myung administration’s efforts to offset U.S. tariff shocks. But joining the CPTPP will likely face stiff domestic resistance from South Korean farmers who have long enjoyed market protections © Korea Risk Group. All rights reserved. |





