Port of Antwerp agrees to boost trade with South Korea

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Dec 16, 2016: Antwerp Port Authority has signed a Memorandum of Understanding with KITA, the Korea International Trade Association during the City Trade Mission to Seoul.

The proposed collaboration between Antwerp Port Authority and KITA represents a significant boost for the port, emphasised Jacques Vandermeiren, CEO-designate of the Port Authority, just before the signing of the MoU.

Antwerp hopes to attract significantly more trade from Korea in future, while KITA for its part sees Antwerp as the gateway to Europe for its exports.

"In 2015 we sent 77,000 TEU of container freight to Antwerp. Trade between Korea and Belgium can and must be expanded, and the port of Antwerp has a significant role to play here," declared Kim Jungsoo, executive managing director of KITA.

The agreement signed jointly by him and Jacques Vandermeiren focuses on promoting the Antwerp logistics network and exchanging information.

The signature of the MoU was followed by a seminar at which the Korean attendees were treated to a presentation given by Luc Arnouts, chief commercial officer of Antwerp Port Authority, about the advantages of Antwerp.

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