South Korea Unlikely to Join CPTPP Pact
South Korean President Lee Jae Myung stated that the country will not join the CPTPP trade pact before his term ends in 2030. He cited the need for unanimous approval and significant domestic impacts.
South Korea President Lee Jae Myung stated on Monday morning that the nation will not join the CPTPP within his term. Lee's presidential term runs until June 2030, requiring unanimous approval from all 12 member countries to accede. The decision protects local agricultural sectors from severe trade disruption.
