South Korea has agreed with Singapore, Canada, Australia, and New Zealand to ease cross-border travel regulations to maintain the global supply chain.
The said countries decided via a virtual meeting, attended by Trade Minister Yoo Myung-hee, to draft guidelines that would allow travel on an exceptional basis, according to the Ministry of Trade, Industry, and Energy.
The countries also emphasized that their efforts would not undermine quarantine efforts to tackle coronavirus.
South Korea has been lobbying to enable its entrepreneurs to make essential business trips abroad to minimize the impact of the coronavirus to their economy.
The representatives of the five countries also agreed to refrain from imposing new trade regulations on essential products, such as foodstuffs and medical supplies.
Earlier this week, it was announced that five Chinese cities and provinces would allow entry for South Korean businesspeople in May.


Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure
U.S. Backs Bayer in Supreme Court Battle Over Roundup Cancer Lawsuits
Judge Dismisses Charges Against Comey and Letitia James After Ruling on Prosecutor’s Appointment
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows
States Sue Trump Administration Over SNAP Restrictions for Legal Immigrants
Singapore Court Allows $2.7 Billion 1MDB Lawsuit Against Standard Chartered to Proceed
Appeals Court Blocks Expansion of Fast-Track Deportations in the U.S.
Peru’s Ex-President Martín Vizcarra Sentenced to 14 Years in Prison for Corruption
Key Witness Seeks to Block Evidence in Potential Revival of Comey Case
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook
Union Urges Court to Compel Trump Administration to Restore CFPB Funding
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 



