ISLAMABAD: Pakistan and South Korea have held detailed discussions on the ongoing Comprehensive Economic Partnership Agreement (CEPA) negotiations, agreeing to accelerate technical engagements with the shared objective of concluding the agreement within a mutually agreed timeframe.
In this regard, Federal Minister for Commerce Jam Kamal Khan held a virtual meeting with Yeo Han-koo South Korea’s Trade Minister, to discuss strengthening bilateral trade ties, advancing CEPA negotiations, and enhancing investment cooperation between the two countries. Secretary Commerce Jawad Paul and senior officials from both sides also participated in the meeting.
The Korean Trade Minister lauded Pakistan’s leadership role in promoting peace amid the current Middle East situation, stating that the country’s efforts contributed to global stability, not just regional peace. He also recalled his previous visits to Pakistan, including Lahore, describing them as memorable and praising the country’s hospitality and economic potential.
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In response, Jam Kamal Khan appreciated the acknowledgment and reaffirmed that Pakistan has acted as a responsible state in facilitating dialogue and promoting peace. He expressed the hope that ongoing efforts would lead to regional stability, which is vital for global trade, energy markets, and economic connectivity.
Both sides reviewed progress on CEPA negotiations and agreed to expedite technical-level discussions. The ministers emphasised that the agreement should be ambitious, balanced, and reflective of their respective economic realities.
Highlighting Pakistan’s economic potential, Jam Kamal Khan pointed to opportunities in sectors such as agriculture, mining, textiles, pharmaceuticals, surgical instruments, and sports goods. He stressed the importance of diversifying trade partnerships in response to evolving global dynamics and noted that Pakistan’s strategic location enables it to serve as a gateway to Central Asia and Africa.
The Korean minister noted that several Korean companies are keen to invest in Pakistan, particularly in manufacturing and energy sectors, describing the country as a safe and promising destination. He emphasised that a structured framework like CEPA would further boost investor confidence and facilitate deeper economic engagement.
Addressing investment-related concerns, Jam Kamal Khan assured that issues faced by Korean companies operating in Pakistan would be resolved in coordination with relevant ministries. He reiterated the government’s commitment to providing a stable and business-friendly environment for foreign investors.
The two sides also discussed the establishment of a Joint Trade Committee and agreed to revive and finalise the mechanism to ensure regular institutional engagement and effective follow-up on bilateral trade matters.
Secretary Commerce Jawad Paul highlighted the need for a balanced and development-sensitive approach to tariff liberalisation under CEPA. He emphasised that an asymmetrical arrangement would help accommodate Pakistan’s developmental needs and ensure broader stakeholder support. He added that Pakistan’s technical teams are actively engaged in inter-ministerial consultations and will soon provide feedback on the remaining negotiation chapters.
The meeting concluded on a positive note, with both sides expressing optimism about the future of Pakistan–South Korea economic relations and reaffirming their commitment to strengthening cooperation in trade, investment, and industrial development.
Copyright Business Recorder, 2026
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