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The South Korean government discusses the plan to stimulate exports

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Yonhap News Agency, Seoul, November 23. The South Korean government held the first export strategy meeting under the auspices of President Yin Xiyue on the 23rd, and proposed a plan to stimulate exports.

As of the 20th of this month, South Korea's trade deficit this year has approached 40 billion US dollars, so the government held the above-mentioned cross-departmental meeting to discuss countermeasures. The government decided to designate the Middle East, Latin America, and the European Union as the three major strategic markets, and strengthen export cooperation with them in the fields of military industry, nuclear power, and infrastructure.

In the Middle East, according to the policy of the Middle East countries to revitalize the manufacturing industry, the government will support Korean companies to enter the local market, and build a high-level dialogue mechanism with Middle Eastern countries, and support Korean companies to undertake large-scale energy, energy, and other industries such as the Saudi "Neom City" construction project. infrastructure projects. In Latin America, the government will promote the signing of a free trade agreement with the Southern Common Market, and strengthen mineral cooperation with resource-rich countries such as Chile and Brazil. On the EU side, the government will further develop nuclear power and military markets.

In addition, in the face of the three traditional export markets—ASEAN, the United States, and China—that account for 57% of South Korea's exports, the government will devote itself to diversifying export items and keeping abreast of demand trends in relevant markets. Especially for the Chinese market where the trade deficit is becoming more and more serious, according to the trend that the elderly, children, and single people have become major consumers in the fields of medicine and health care, clothing fashion, and daily necessities in China, the government will devote itself to exporting targeted consumer goods to China. (Finish)

[Copyright belongs to Yonhap News Agency, unauthorized reproduction is strictly prohibited]

The news is published by EMEA Tribune & Yonhap News Agency210520-twitter-verified-cs-70cdee.jpg (1500×750)

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