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South Korea, US, Japan to discuss supply chain, economic security cooperation

South Korea, US, Japan to discuss supply chain, economic security cooperation


Seoul, South Korea, the United States, and Japan plan to hold their first industry ministerial meeting in Washington this week to discuss ways of strengthening three-way cooperation on supply chains and economic security, Seoul’s industry ministry said.

Ahn Duk-geun, Industry Minister of South Korea, Gina Raimondo, Secretary of Commerce of the US, and Ken Saito, Trade Minister of Japan, are scheduled to hold the industry ministerial talks in Washington on Wednesday, the first of its kind, according to the Ministry of Trade, Industry and Energy.

According to the South Korean News Agency (YONHAP), the meeting comes after Yoon Suk Yeol, President of South Korea, Joe Biden, President of the US, and Fumio Kishida, Prime Minister of Japan, agreed to launch a new commerce and industry ministers’ meeting for annual consultations during a summit at Camp David in Maryland in August last year.

The three sides aim to discuss means of enhancing economic security in the region and industrial cooperation.

‘They will als
o launch a trilateral business meeting platform to be led by economic organisations of the three nations that aims to enhance cooperation among private sectors,” the ministry said.

Source: Bahrain News Agency