South Korea positions itself as key partner in Africa’s development strategy



Briefings South Korea positions itself as key partner in Africa’s development strategy Meeting between trade minister and AfCFTA Secretary General highlights Seoul’s growing interest in the continent KOREA PROApril 25, 2024 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Trade minister Cheong In-kyo convenes the first “New Trade Round Table” meeting of the year to discuss strategies for leveraging the agreement to strengthen supply chain resilience, April 16, 2024 \| Image: ROK Ministry of Trade, Industry and Energy South Korea’s industry ministry and the African Continental Free Trade Area (AfCFTA) discussed in Seoul on Wednesday ways to expand trade and commerce between South Korea and Africa during the upcoming June ROK-Africa Summit. Trade Minister Cheong In-kyo and AfCFTA Secretary General Wamkele Mene were in attendance. Cheong expressed hope for the swift revitalization of the AfCFTA, a trade bloc comprising 54 African Union member states with a combined GDP of $3.4 trillion. He also sought support for progress in the Economic Partnership Agreements that South Korea is pursuing with Morocco, Kenya and Tanzania. Why It Matters The meeting between © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Trump’s Korea investment victory lap masks safeguards Seoul still controls 02North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 03South Korea’s CPTPP push exposes the cost of turning trade gains into consensus 04AI storage boom gives South Korea battery makers an EV overcapacity lifeline 05South Korea’s Mexico strategy runs into the hard limits of USMCA politics 06Preschool test ban forces South Korea’s English hagwons to rethink placement 07Lee Jae Myung’s Wall Street pitch tests South Korea’s capital market credibility 08US midterm clock raises stakes for South Korea’s $200 billion investment talks

Briefings

South Korea positions itself as key partner in Africa’s development strategy

Meeting between trade minister and AfCFTA Secretary General highlights Seoul’s growing interest in the continent

KOREA PROApril 25, 2024

South Korea positions itself as key partner in Africa’s development strategy

Trade minister Cheong In-kyo convenes the first “New Trade Round Table” meeting of the year to discuss strategies for leveraging the agreement to strengthen supply chain resilience, April 16, 2024 | Image: ROK Ministry of Trade, Industry and Energy

South Korea’s industry ministry and the African Continental Free Trade Area (AfCFTA) discussed in Seoul on Wednesday ways to expand trade and commerce between South Korea and Africa during the upcoming June ROK-Africa Summit. Trade Minister Cheong In-kyo and AfCFTA Secretary General Wamkele Mene were in attendance.

Cheong expressed hope for the swift revitalization of the AfCFTA, a trade bloc comprising 54 African Union member states with a combined GDP of $3.4 trillion. He also sought support for progress in the Economic Partnership Agreements that South Korea is pursuing with Morocco, Kenya and Tanzania.

Why It Matters

The meeting between

South Korea positions itself as key partner in Africa’s development strategy

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