South Korean President Lee Jae Myung has ordered the government not to apply for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade pact this year. The directive was officially announced by Cheong Wa Dae, the presidential office, on Thursday, October 8.
The decision halts Seoul's potential pursuit of the major free trade agreement for the remainder of the calendar year. Further details regarding the reasons behind the delay or future timelines for CPTPP accession were not provided in the immediate announcements.
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