Trade & Investment

In recent years Kuwait has seen steadily expanding trade activity with neighbouring countries, the broader Middle East and a variety of key partners further afield. Dependence on oil income is one of the nation’s chief challenges: while the country has continued to diversify its economy away from hydrocarbons revenues, oil and other mineral fuels remain the country’s most important export products, accounting for 88.8% of total exports in the first quarter of 2015. Meanwhile, the government’s Foreign Direct Investment (FDI) Law, introduced in June 2013, is expected to boost FDI in coming years, as are alterations to the public-private partnership framework introduced in 2014.

This chapter contains an interview with Yoon Sang-Jick, Korean Minister of Trade, Industry and Energy.