South Korean President Moon Jae-in said Tuesday that the country will consider joining the Trans-Pacific Partnership free trade pact.
It is the first time the South Korean leader has raised the possibility of Asia’s fourth-largest economy joining the 11-member trade pact, according to local media.
In his remarks at a trade-related event in Seoul, Moon referred to the possibility after speaking of the need to beef up the country’s trade at a time when trading volumes have fallen sharply worldwide due to the coronavirus pandemic.
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