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News Briefing
Korea and Africa to enhance bilateral economic cooperation
Sep 2023
Korea’s Trade Minister Ahn Duk-geun met with the Secretary General of the African Continental Free Trade Area (AfCFTA) Secretariat Wamkele Mene in Seoul on July 26, where they discussed measures to expand Korea-Africa economic cooperation.

Trade Minister Ahn explained that the Korean government is pushing ahead with various trade agreements through the Economic Partnership Agreements (EPAs) and Trade Investment Promotion Framework (TIPF) to deepen mutual partnership, and requested support for achieving outcomes from the Korea-Africa Summit scheduled for next year.

As the two sides are recently strengthening economic cooperation in automobiles, energy, plants and consumer goods, the Korean government plans to boost bilateral ties with Africa under the AfCFTA, EPAs and TIPF while actively supporting Korean exporters’ efforts to advance into the African market.