Pakistan, South Korea Agree to Establish Joint Trade Committee, Boost Investment

Islamabad: Pakistan and South Korea have agreed to establish a Joint Trade Committee and enhance bilateral investment following a virtual meeting between Federal Minister for Commerce Jam Kamal Khan and his Korean counterpart Yeo Han-koo.
During the meeting, both sides also agreed to initiate consultations on a Comprehensive Economic Partnership Agreement (CEPA), aiming to further strengthen economic ties between the two countries.
The discussion reaffirmed a shared commitment to deepening bilateral economic cooperation. The Korean minister praised Pakistan’s leadership for its role in promoting regional peace and appreciated its efforts in easing tensions in the US–Iran tensions, calling Pakistan’s initiatives beneficial not only for the region but for global stability.
He noted that several Korean companies are keen to invest in Pakistan, viewing it as a safe and attractive destination. Particular interest was highlighted in the manufacturing and energy sectors.
Jam Kamal Khan emphasized Pakistan’s consistent role as a responsible state promoting peace and called for expediting CEPA negotiations to finalize the agreement within a set timeframe. He also pointed out opportunities in agriculture, textiles, minerals, and sports goods, adding that Pakistan could serve as a key trade gateway to Central Asia and Africa.
The minister reiterated the government’s commitment to providing a business-friendly environment for foreign investors and assured resolution of issues faced by Korean companies.
Secretary Commerce Jawad Paul stressed the importance of a balanced tariff policy, while both countries agreed to operationalize the Joint Trade Committee to further enhance economic cooperation.