Ministry of Finance and Economy in Sejong Government Complex. [Photo by Kim Yoo-jin]
As geopolitical risks in the Middle East persist, the South Korean government is stepping up support for exporters.
On June 10, the Export Plus Support Team of the Ministry of Finance and Economy held a briefing titled "Support for Exporters Facing Middle East Risks" at the Seoul Trade Tower, in collaboration with the Ministry of Justice, the Ministry of Trade, Industry and Energy's Overseas Certification Support Team, the Korea International Trade Association, and KOTRA.
The briefing was organized in response to the increasing uncertainty surrounding export conditions due to the prolonged geopolitical instability in the Middle East. Small and medium-sized enterprises (SMEs) engaged in or seeking to enter the Middle Eastern market attended the event.
During the briefing, participants received information on the current situation in the Middle East, logistics trends, strategies for utilizing the Comprehensive Economic Partnership Agreement (CEPA) between South Korea and the United Arab Emirates (UAE) that took effect on May 1, promising export items and collaboration opportunities, origin certification procedures, regional certification systems, and legal support for overseas expansion.
Following the briefing, a one-on-one consultation session was held with experts in overseas logistics, customs, international trade law, and overseas certification. This session provided tailored consulting for companies on issues such as finding new buyers, addressing rising logistics costs, navigating overseas certification regulations, key considerations for international contracts, and compliance with local laws.
Yoo Beom-min, deputy head of the support team, stated, "As the instability in the Middle East continues, exporters are facing increasing challenges on the ground. The government will work swiftly with relevant ministries and export support agencies to resolve these issues and actively utilize the Korea-UAE CEPA to help explore new export markets in the region."
On June 10, the Export Plus Support Team of the Ministry of Finance and Economy held a briefing titled "Support for Exporters Facing Middle East Risks" at the Seoul Trade Tower, in collaboration with the Ministry of Justice, the Ministry of Trade, Industry and Energy's Overseas Certification Support Team, the Korea International Trade Association, and KOTRA.
The briefing was organized in response to the increasing uncertainty surrounding export conditions due to the prolonged geopolitical instability in the Middle East. Small and medium-sized enterprises (SMEs) engaged in or seeking to enter the Middle Eastern market attended the event.
During the briefing, participants received information on the current situation in the Middle East, logistics trends, strategies for utilizing the Comprehensive Economic Partnership Agreement (CEPA) between South Korea and the United Arab Emirates (UAE) that took effect on May 1, promising export items and collaboration opportunities, origin certification procedures, regional certification systems, and legal support for overseas expansion.
Following the briefing, a one-on-one consultation session was held with experts in overseas logistics, customs, international trade law, and overseas certification. This session provided tailored consulting for companies on issues such as finding new buyers, addressing rising logistics costs, navigating overseas certification regulations, key considerations for international contracts, and compliance with local laws.
Yoo Beom-min, deputy head of the support team, stated, "As the instability in the Middle East continues, exporters are facing increasing challenges on the ground. The government will work swiftly with relevant ministries and export support agencies to resolve these issues and actively utilize the Korea-UAE CEPA to help explore new export markets in the region."
* This article has been translated by AI.
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