Minister visits Seoul and Busan
Republic of Korea (South)
Economic Development Minister Steven Joyce visited Korea in August to build trade, investment, education, and science ties with New Zealand’s sixth-largest export market and most recent FTA partner.
Minister Joyce travelled to Korea’s capital, Seoul, and its second city, Busan, for a range of events and meetings with businesspeople and government officials.
While in Busan, the Minister took the opportunity support New Zealand connections - including the 20-year-old sister city relationship with Auckland - and to learn about Busan’s initiatives to foster a creative economy the developing sectors such as film and tourism.
He also promoted New Zealand as an investment destination to Korean businesses and public sector investment funds.
During the visit, the Minister launched the New Zealand Food and Beverage Coalition, a group of Seoul-based companies looking to work together to sell more New Zealand products in the Korean market.
He noted that the Korea-New Zealand Free Trade Agreement, which came into force in December 2015, provides both countries with an excellent platform on which to expand trade and investment.
“My visit has been timely in order to raise our profile and promote our safe, stable and secure business environment,” said Minister Joyce.