South Korea Joins FIT-P to Enhance Global Trade Framework
South Korea's accession to the Future of Investment and Trade Partnership (FIT-P) aims to address rising protectionism and enhance trade rules. This move expands Korea's trade network and strengthens collaboration on supply chain and digital trade.
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South Korea has officially joined the Future of Investment and Trade Partnership (FIT-P), increasing its membership to 19 nations. This decision, formalized by Trade Minister Yeo Han-koo at the FIT-P ministerial meeting in Auckland, New Zealand, aims to adapt to a challenging global trade landscape marked by protectionism and technological advancements.
The partnership, initiated in September 2025, includes economies such as Singapore, New Zealand, and Switzerland. Korea intends to lead in establishing trade regulations focusing on supply chain resilience and digital trade.
Discussions with member countries, including cooperation on critical minerals with Chile and trade agreements with Uruguay, are also underway. Potential impacts include enhanced trade stability and faster responses to global disruptions.
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