International Agreement
Cop30 reaches agreement without fossil fuel phase-out plan
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After overtime, countries at the UN climate summit Cop30 in Belém, Brazil, have agreed on a deal. The agreement lacks a roadmap for phasing out fossil fuels, despite demands from the EU and over 80 countries. Criticism is sharp from experts and environmental groups who view it as a disappointment for climate goals.
Peru will soon become the latest member of the Digital Economy Partnership Agreement (DEPA), potentially creating new opportunities for South Korea and other member nations. Seoul's industry ministry announced Tuesday that the sides have successfully reached an agreement on Peru's participation. Signed in 2020 by Chile, New Zealand, and Singapore, DEPA is the world's first stand-alone digital trade agreement.
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South Korea and Serbia will launch official negotiations for a comprehensive economic partnership agreement (CEPA) on Monday in Seoul amid global trade uncertainties. The first round of talks, lasting four days, will focus on 10 sectors including tariff concessions and economic cooperation.