Top US, South Korean trade officials discuss supply chain resiliency

3

WASHINGTON – United States Trade Representative Katherine Tai and South Korean Trade Minister Yeo Han-koo on Thursday (Aug 12) discussed chain resiliency efforts, tackling climate change, and reform of the World Trade Organisation.

In a virtual meeting, the two officials “agreed on the importance of a strong US-Korea bilateral trade relationship and committed to maintaining an open dialogue moving forward,” Ms Tai’s office said. It gave no other details.

The two countries pledged to deepen their economic and security during White House talks between US President Joe Biden and South Korean President Moon Jae-in in May.

The US and South Korea said they would work to increase the supplies of legacy semiconductors for the automotive industry, and to support semiconductor manufacturing in both countries.

They also agreed to cooperate closely on reforms of the World Trade Organisation, and to work together to end all forms of new public financing for overseas unabated -fired power plants.

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More