Trade Minister to Attend G20 Meeting in Brazil to Discuss Sustainable Trade

Brasilia: Trade Minister Cheong In-kyo is set to attend the Group of 20 (G20) trade ministerial meeting in Brasilia this week, where discussions will center on sustainable trade and investment, as announced by the trade ministry on Thursday. The meeting will focus on strengthening the multilateral trade system and promoting sustainable development among member nations. According to Yonhap News Agency, Cheong plans to highlight the significance of a multilateral trade regime led by the World Trade Organization (WTO) and will urge G20 members to support reforms to the WTO dispute settlement system. The minister's agenda includes sharing South Korea's initiatives to increase women's participation in international trade, aligned with the country's focus on inclusive economic growth. In addition to these discussions, Cheong will advocate for the G20 members' endorsement of South Korea's Carbon-Free Energy (CFE) initiative. This initiative, introduced by President Yoon Suk Yeol last year, aims to combat climate c hange by achieving carbon neutrality through the use of carbon-free energy sources such as nuclear and hydrogen power. On the sidelines of the G20 event, Cheong is expected to engage in bilateral talks with trade counterparts from Brazil, the United States, Britain, and the United Arab Emirates, further emphasizing South Korea's commitment to global trade cooperation and sustainable development.