South Korea and Mexico Hold High-Level Policy Consultation, Emphasize Need to Resume FTA Negotiations

The Ministry of Foreign Affairs announced that First Vice Minister Park Yun-ju and Maria Teresa Mercado Perez, Undersecretary for Foreign Affairs of Mexico, held the 8th South Korea-Mexico High-Level Policy Consultation at the government complex in Seoul today (July 6) to discuss overall bilateral cooperation.
Vice Minister Park emphasized the need for an early resumption of negotiations for a South Korea-Mexico Free Trade Agreement (FTA), stating that it would contribute to diversifying supply chains and enhancing resilience against uncertainties in the global economy for both nations.
South Korea and Mexico began discussions on an FTA in 2006, but no conclusion has been reached.
Vice Minister Park also noted that high-level exchanges have been active since the bilateral summit held in June last year, which was the first of its kind in nine years, taking place on the sidelines of the G7 summit.
Undersecretary Mercado conveyed the Mexican government's commitment to strengthening cooperation with South Korea, stating that South Korea and Mexico are important strategic partners with high potential for collaboration in various fields, including economy, technology, and culture.
(Photo: Provided by the Ministry of Foreign Affairs, Yonhap News)
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