PR MTD 109 2022 MOTIE DM for Trade

12 September 2022, SEOUL - Philippine Ambassador to the Republic of Korea Ambassador Ma. Theresa B. Dizon-De Vega met with Trade, Industry and Energy Deputy Minister Jeong Daejin on 31 August 2022 to discuss energy and trade cooperation.

Both sides agreed that the significance of energy security is increasing. Ambassador De Vega reiterated the importance of PH and ROK collaboration in the renewable energy sector and in the safe nuclear energy technology.

The officials likewise discussed emerging areas of trade cooperation such as high value minerals through safe mining and other natural resources as well as building the electric vehicle ecosystem. Both sides also agreed on the importance of bilateral and regional free trade agreements to help buoy the regional and global economy, and looked forward to the timely signing and ratification of the PH-ROK Free Trade Agreement and the Regional Comprehensive Economic Partnership Agreement (RCEP), respectively.

Ambassador De Vega and Deputy Minister Jeong concluded the meeting by sharing robust expectations for the convening of the Philippines - Korea Joint Commission on Trade and Economic Cooperation Meeting (JCTEC) this year. END