Media release from the Australian Department of Foreign Affairs and Trade

D27

14 June 1995

AUSTRALIA - KOREA JOINT ECONOMIC COMMITTEE

The Department of Foreign Affairs and Trade will host the second meeting of the Australia - Republic of Korea Joint Economic Committee (JEC) on 14 and 15 June in Canberra. This meeting will bring together senior officials from ministries, departments and agencies in both countries involved in the economic relationship and is intended to provide a strategic overview of the bilateral trade and investment relationship and its future development.

The Korean delegation will be led by Mr Sun Joun-Yung, Deputy Minister for Economic Affairs in the ROK Foreign Ministry, and the Australian delegation will be led by Mr Peter Grey, Deputy Secretary in the Department of Foreign Affairs and Trade. While in Australia Mr Sun will also meet separately with the Minister for Trade, Senator McMullan.

Discussions will focus on developments in the multilateral trading system, regional cooperation and Korea's proposed entry to the Organisation for Economic Cooperation and Development (OECD), as well as a range of bilateral issues.

The Australian delegation will raise concerns about factors inhibiting access to the Korean market for a range of agricultural products and processed foods. Both sides will discuss opportunities for expanding science and industrial technology cooperation, natural resources cooperation both in minerals and energy as well as fisheries sectors, investment, the environment and tourism.