Pakistan and South Korea have moved closer to finalising a Comprehensive Economic Partnership Agreement (CEPA) after successfully concluding the first round of negotiations, with the second round expected soon. Federal Commerce Minister Jam Kamal Khan said the agreement could create new opportunities for Pakistani exporters and strengthen bilateral trade and investment ties.
The development was highlighted at the Pakistan-Korea Trade & Investment Conference in Seoul, which brought together more than 170 Pakistani and Korean business representatives. The conference also resulted in the signing of six Memoranda of Understanding (MOUs) between companies from both countries.
Key sectors highlighted for export opportunities included textiles and apparel, leather, surgical and sports goods, agro-food products, minerals and IT services. The signed MOUs cover areas such as salt, cosmetics, and oil and sesame seed trade, potentially paving the way for broader commercial agreements.
The two countries are also planning another business conference in Seoul in March 2027, aimed at building on trade momentum following the conclusion of the CEPA.
