During a videoconference with Indonesian Trade Minister Airlangga Hartarto, RoK Trade Minister Yoo Myung-hee said the international community must join forces to sustain the global supply chain, according to the RoK’s Yonhap news agency.

Source: VNA

In line with efforts to overcome the economic jitters, the two countries agreed to hold a signing ceremony of the much-awaited Comprehensive Economic Partnership Agreement (CEPA) at the earliest date possible after the situation is stabilised, reported Yonhap.

The two countries struck the deal in November last year with a goal of holding an official signing ceremony in the first half of 2020 to pave the way for the official implementation.

The CEPA is equivalent to a free trade agreement but focuses on a broader scope of economic cooperation. The two resumed their FTA negotiations in 2019 after a hiatus of five years.

On the occasion, minister Yoo requested Jakarta to lend hands to RoK businesses based in Indonesia that are suffering from the economic fallout of the COVID-19 pandemic./.