Latest news with #EuropeEconomicCorridor
Al Etihad
04-07-2025
- Business
- Al Etihad
TRENDS participates in seminar on Korea's Middle East policy
4 July 2025 11:49 ABU DHABI (ALETIHAD)A policy seminar held at the Republic of Korea's National Assembly called for a pragmatic foreign policy toward the Middle East based on Korea's national interests and responsive to the region's rapid high-level seminar took place in Meeting Room 5 of the National Assembly Members' Office Building, organised with the support of TRENDS Korea Office in Seoul, in cooperation with Representative Hong Ki-won, the Korea–Arab Society, and the Centre for the Middle East and Islamic Studies at the Asiatic Research Institute, Korea in the seminar — The Middle East Policy Direction of the Lee Administration — stressed the need to shift from the traditional view of the region as merely a source of energy or a market, toward a strategic partnership built on mutual understanding and shared his opening remarks, Kim Chang-mo, Secretary-General of the Korea–Arab Society, noted that the complexities of the regional landscape require Korea to pursue a balanced diplomatic approach that reflects its growing global statureRepresentative Hong Ki-won emphasised that while the Middle East has always been important, it has not received the attention it deserves in Korean policy. He added that this seminar provides an opportunity to reassess this approach, especially at the start of President Lee's Jin-han, Director of the Asiatic Research Institute, highlighted the importance of launching urgent intellectual initiatives to keep pace with emerging challenges in the Middle East and to assist policymakers in shaping more effective his keynote address, former ambassador Yoon Kang-hyun described the Middle East as a vital hub linking three continents, with significant executive and economic potential. He called for independent diplomacy toward each subregion, moving beyond formal agreements toward genuine cooperation, appointing special envoys to priority areas, and enhancing people-to-people and cultural the economic front, Dr. Lee Kwan-hyung, Senior Research Fellow at Korea Institute for International Economic Policy (KIEP), stressed the need to reduce reliance on the energy sector. He proposed expanding cooperation into new sectors, accelerating the ratification of the Free Trade Agreement with the Gulf Cooperation Council, supporting Korea's involvement in the India–Middle East–Europe Economic Corridor (IMEC), and advocating for a Korea–Middle East discussions featured several ambassadors and experts, including Ma Young-sam, former ambassador to Israel; Park Jong-young, former ambassador to Saudi Arabia; Kim Duk-il, Director of the Political Economy Department at Korea University; and Kim Jong-doo (Musa), Director of TRENDS Korea Office. The seminar concluded with several key recommendations, including strengthening official development assistance (ODA) programmes, developing trust-based diplomacy, and establishing a dedicated research institute focused on Middle East affairs from a long-term strategic perspective.
Time of India
16-06-2025
- Business
- Time of India
Hope to conclude EU FTA by year-end: PM Modi
PM Modi and Cyprus President Nikos Christodoulides (Photo: PTI) NEW DELHI: PM Modi on Monday affirmed New Delhi's support for completing talks for a free trade agreement with the European Union by the year-end and asserted that the proposed India Middle-East Europe Economic Corridor, delayed due to tensions in West Asia, would contribute towards peace and prosperity in the region. "Last month, there was an agreement between India and the UK on an ambitious FTA. Now, we are committed to completing an FTA between India and the EU by the end of the year. Talks have picked up pace. Its benefits will be available to all of you," PM Modi said in a meeting with CEOs in Cyprus during his visit to the nation. PM Modi & Cyprus President hope India-EU deal will be sealed by December Cyprus is due to assume the presidency of the European Union Council next year. During a meeting with business leaders, PM Modi and Cyprus President Nikos Christodoulides backed the proposed trade deal. "They expressed optimism about concluding the India-EU free trade agreement by the end of the year, which would also give a major boost to trade and economic cooperation between the two countries," the ministry of external affairs said in a statement. In recent months, talks with the EU, which have been underway for nearly two decades, have gathered pace and the next round of negotiations are scheduled from July 7. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Artrose? Esta joelheira biônica pode ajudar a renovar seu joelho LegFix Undo "There are some tracks, we are working together on this. Momentum has picked up in the talks and the frequency of meetings has gone up. Earlier negotiating rounds were held every quarter, but now we have reduced the time period between rounds," India's chief negotiator L Satya Srinivas said. The trade deal with the EU is proposed to cover 23 chapters, including gender and sustainability, and the two sides are now looking at a comprehensive deal by December instead of an early tranche by July. "We have a large number of issues on which we are trying to find a convergence so that we move towards the closure of the agreement," chief negotiator Srinivas said. On the India-UK trade pact, he said the agreement was getting ready to be signed.
