The EFTA Parliamentary Committee ( EFTA PC ) confabulate the Republic of Korea from 23 to 15 April 2025 . The design of the commission visit was to hold up the campaign of the EFTA States to change and extend trade relations with Korea by elevate the current free swap arrangement between both parties .
The EFTA PC run into with official from both the Korean ministries and the National Assembly . The delegation adjoin with Mr Yeo Han - Koo , Deputy Minister for trade talks at the Ministry of Trade , Industry and Energy . In the get together , Mr Smári McCarty , Chair of the EFTA PC , reiterated the EFTA States ’ pursuit in modernising the thirteen - twelvemonth - onetime EFTA – Korea Free Trade Agreement .
The EFTA Parliamentary Committee conform to with Honourable Hong Ilpyo in the National Assembly of the Republic of Korea
“ In 2005 , EFTA and Korea were the front base runner in concluding an arrangement which has proven to be very beneficial to our land both relying very much on trade and undefended food market . economical realities have changed , and the time has get to bring our agreement to the next spirit level and to show to the Earth that Korea and the EFTA States unwaveringly conceive in business deal as a tool to develop our economies and society ” .
The Honourable Hong Ilpyo , Chairman of Trade , Industry , Energy , SMEs and Start - ups Committee , along with several Committee members , welcomed the EFTA PC in the National Assembly of the Republic of Korea . In this coming together , Mr McCarthy stressed that due to the agreement , the EFTA States and the Republic of Korea ’s economies had become much more interconnected .
“ Our countries depend on each other ’s technology and I firmly think that the full potential difference has not been reach yet . Modernising our agreement would give new horizons for our company and tone our partnership ” said Mr McCarthy .
The delegacy also met with Mr Kim Hee - song , Director - General for trade negotiations at the Ministry of Foreign Affairs as well as with Honourable Lee Juyoung , Deputy Speaker of the National Assembly of the Republic of Korea .
In the high - technical school metropolis of Ulsan , the EFTA delegation was received by Mayor Song Chul - ho who highlighted how good the agreement had been for the succeeder of his metropolis and expressed his wishing to tone in the future tense the cooperation with EFTA States notably in renewable energy technologies . EFTA Parliamentarians also visit major companies relevant for the economic system of the EFTA States .
For more information : European Free Trade Associationwww.efta.int
