Minister for trade attends ASEAN+3/Korea-ASEAN economic ministerial meeting
The Korea-ASEAN Economic Ministerial Meeting serves as channel to discuss issues related to economy and trade between the 10 ASEAN member states and Korea. At this year's meeting, plans for a Korea-ASEAN FTA and trade issues of both sides were discussed. Also, the economic ministers evaluated the development progress of a Korea-ASEAN FTA, and adopted the Join Ministerial Statement, which called for a readjustment of the deadline for the Korea-ASEAN FTA services and investment agreement to November 2007. The ministers also agreed to suggest this matter to the Korea-ASEAN leaders.
At the ASEAN+3 luncheon meeting, which was participated by 10 ASEAN countries, Korea, China and Japan, Korea proposed for a second stage of the private joint research on an ASEAN+3 FTA, following the completion of the first stage in August 2005.
This year's economic Ministerial Meeting with ASEAN was held in preparation for the Korea-ASEAN Summit Meeting, ASEAN+3 Summit Meeting, and EAS Summit Meeting, which will be held during January 14 to 15. The Economic Ministerial Meeting was held on the same day as the Korea-ASEAN Foreign Ministers' Meeting.
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