South Korean President Lee Jae-myung has directed his administration to conduct a complete re-evaluation regarding the nation's potential accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). This directive, issued during a private Cabinet meeting, stems from significant apprehension expressed by domestic agricultural and fisheries industries. Presidential spokesperson Kang Yu-jung confirmed that the head of state requested a fresh look at the trade pact's implications from the very beginning. The decision highlights the government's sensitivity to the potential economic impact on local primary sectors, prompting a pause in the previous momentum toward joining the multilateral trade agreement. The administration will now likely engage in further internal reviews to address these sectoral concerns before determining the country's next steps regarding the regional trade framework.
Source : The Korea Herald
Photo : The Korea Herald
Aussi couvert par : UzDaily
