<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><h1 class="gmail-title" style="margin: 0px 0px 2px; padding: 0px; border: 0px; color: rgb(51, 51, 51); font-size: 1.833em; line-height: 26px;">South Korea: Fourth IPEF negotiating round will be held in Busan</h1><div class="gmail-timestamp" style="margin: 4px 0px 12px; padding: 8px 0px 10px; border-width: 1px 0px; border-top-style: solid; border-bottom-style: solid; border-top-color: rgb(192, 192, 192); border-bottom-color: rgb(192, 192, 192); font-weight: bold;">April 28, 2023 at 3:27 PM<div class="gmail-socialmedia" style="margin: 0px; padding: 0px; border: 0px; float: right;"></div></div><div class="gmail-body" style="margin: 0px; padding: 0px; border: 0px;"><div style="margin: 0px; padding: 0px 0px 15px; border: 0px;" class="">A fourth Indo-Pacific Economic Framework negotiating round will be held in Busan, South Korea, later this year, Korea said following a state visit to Washington, DC, by the country’s president, Yoon Suk Yeol.</div><div style="margin: 0px; padding: 0px 0px 15px; border: 0px;" class="">No dates have yet been set for the round, according to spokespeople for the Office of the U.S. Trade Representative and Korea’s Ministry of Trade, Industry and Energy.</div><div style="margin: 0px; padding: 0px 0px 15px; border: 0px;" class="">“The United States and the ROK are working to advance IPEF and achieve high-standard commitments across all four Pillars. For its part, the ROK plans to host an IPEF negotiation round in Busan later this year,” the<span class="gmail-Apple-converted-space"> </span><a href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/04/26/fact-sheet-republic-of-korea-state-visit-to-the-united-states/" style="margin: 0px; padding: 0px; border: 0px; color: rgb(0, 102, 204);" class="">White House said in a fact sheet</a><span class="gmail-Apple-converted-space"> </span>this week following Yoon’s meeting with President Biden on Wednesday.</div><div style="margin: 0px; padding: 0px 0px 15px; border: 0px;" class="">The Korean government noted the same in<span class="gmail-Apple-converted-space"> </span><a href="https://www.breakinglatest.news/news/%EC%A0%84%EB%AC%B8-adoption-of-joint-declaration-on-the-70th-anniversary-of-the-rok-us-alliance-washington-declaration-technical-dialogue-etc/" style="margin: 0px; padding: 0px; border: 0px; color: rgb(0, 102, 204);" class="">one of its readouts of the visit</a>, adding that Busan would host the fourth negotiating round.</div><div style="margin: 0px; padding: 0px 0px 15px; border: 0px;" class="">Asked about the upcoming round, the MOTIE spokesperson said in an email that “the schedule has not been finalized yet, and we are currently in the process of coordinating with the relevant parties.”</div><div style="margin: 0px; padding: 0px 0px 15px; border: 0px;" class="">The third IPEF negotiating round is set for May 8-15 in Singapore. Earlier this year, Fiji’s trade minister said the talks<span class="gmail-Apple-converted-space"> </span><a href="https://insidetrade.com/node/176527" style="margin: 0px; padding: 0px; border: 0px; color: rgb(0, 102, 204);" class="">could conclude before the end of the year</a><span class="gmail-Apple-converted-space"> </span>following a total of six negotiating rounds.</div><div style="margin: 0px; padding: 0px 0px 15px; border: 0px;" class="">Trade ministers from IPEF countries will gather later in May in Detroit following a ministerial meeting of the Asia-Pacific Economic Cooperation countries.</div><div class=""><br class="webkit-block-placeholder"></div></div><div class="">
Arthur Stamoulis<br class="">Citizens Trade Campaign<br class="">(202) 494-8826<br class=""><br class=""><br class=""><br class="">
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