S. Korea, Singapore, New Zealand Review Progress in Green Trade Pact Talks
South Korea, Singapore, and New Zealand are assessing their green trade pact negotiations aimed at enhancing sustainable economic cooperation.
South Korea, Singapore, and New Zealand are assessing their green trade pact negotiations aimed at enhancing sustainable economic cooperation.
On November 5, 2026, senior officials from South Korea, Singapore, and New Zealand convened via videoconference to evaluate the progress of their trilateral Green Economy Partnership Agreement (GEPA). This meeting comes ahead of the APEC Economic Leaders' Week set to take place in China next week.
The Ministry of Trade, Industry and Resources of South Korea reported that the discussions focused on key issues and the overall advancement of the negotiations. The GEPA aims to address challenges related to trade and climate measures, particularly the European Union's Carbon Border Adjustment Mechanism (CBAM), which seeks to impose a carbon price on imported goods.
The three nations also plan to enhance collaboration in the aerospace and construction sectors, promoting sustainable industrial growth through shared policies and technologies. Negotiations for the GEPA began during last year's APEC meeting in South Korea, with two rounds already completed this year and a third round scheduled for early 2027.
The ministry emphasized that the agreement will not only establish rules but also facilitate practical cooperation among the countries to achieve shared goals effectively.
