Minister for Trade, Tourism and Investment Simon Birmingham will travel to Korea today to promote further export opportunities with our fourth largest trading partner.
Minister Birmingham said the visit would provide another important opportunity for Australia and Korea to advance our already strong trade and economic relationship, underpinned by the Korea-Australia Free Trade Agreement.
“Korea is one of our key export markets, with exports in goods and services totalling more than $24 billion last year,” Minister Birmingham said.
“Our landmark free trade agreement with Korea, signed by our Government in 2014, has seen huge volumes of high quality Australian beef and premium wine made available in Korean restaurants and supermarket shelves.
“There are also opportunities for further growth in our economic relationship, particularly in areas such as financial services, healthcare and energy.
“With Australia looking to become a leader in hydrogen energy through our continued investment in hydrogen supply chains, there is significant potential for Australia to become a major and reliable exporter of hydrogen energy to countries such as Korea.”
The visit will also including meetings with Korean Trade Minister Yoo Myung Hee as well as important business players, including one of Australia’s largest exports partners, South Korean steelmaker POSCO. Minister Birmingham will also deliver a keynote address to the Australian Chamber of Commerce in Korea on areas for future growth under the Korea-Australia Free Trade Agreement.