Federal Minister for Commerce Jam Kamal Khan arrived in South Korea on Tuesday on a three-day official visit aimed at boosting bilateral economic relations and fostering trade and investment opportunities.
Upon his arrival, the minister was warmly welcomed by the officials from the Pakistani Embassy, the Trade and Investment Office (TIO), and the Pakistan Business Association Korea, according to a press release received here on Tuesday from Seoul, Korea.
During the visit, the minister is set to sign the Pakistan-Korea Economic Partnership Agreement (EPA), a landmark development expected to double the trade volume between the two countries.
The agreement also aims to position Pakistan as a competitive destination for Korean manufacturing operations, leveraging the nation’s strategic location and lower production costs.
The minister’s itinerary includes meetings with the Korean Trade Minister, leading Korean investors, and representatives from K-EXIM Bank to discuss the expansion of financial cooperation. He will also engage with the International Economic Institute to explore strategies for attracting Korean industries to relocate operations to Pakistan.
The Pakistan Business Association Korea will play a pivotal role in facilitating dialogue between the Commerce Minister and the Pakistani business community in Korea.
Besides, a gathering with Pakistani laborers in Korea is also planned to recognize their contributions and strengthen community ties.
This high-stakes visit reflects Pakistan’s commitment to fostering robust economic engagement with Korea and promoting sustainable trade and investment partnerships.