Top U.S., South Korean trade officials discuss supply chain resiliency -USTR
August 13, 2021
(Reuters) - U.S. Trade Representative Katherine Tai and South Korean Trade Minister Yeo Han-koo on Thursday discussed supply chain resiliency efforts, tackling climate change, and reform of the World Trade Organization, the USTR said in a statement.
In a virtual meeting, the two officials "agreed on the importance of a strong U.S.-Korea bilateral trade relationship and committed to maintaining an open dialogue moving forward," the statement added.
It gave no other details
The two countries pledged to deepen their economic and security ties during White House talks between U.S. President Joe Biden and South Korean President Moon Jae-in in May.
The United States and South Korea said they would work to increase the supplies of legacy semiconductors for the global automotive industry, and to support semiconductor manufacturing in both countries.
They also agreed to cooperate closely on reforms of the World Trade Organization, and to work together to end all forms of new public financing for overseas unabated coal-fired power plants.
To Read More: https://www.reuters.com/business/top-us-south-korean-trade-officials-discuss-supply-chain-resiliency-efforts-ustr-2021-08-13/
Do You Need Customs Brokerage Help? You can contact us at info@tradelogicintl.com
Recent Posts
See AllThe owner of a U.S. based import business faces a maximum penalty of five years in prison, a $250,000 fine, a three-year term of...
To help you keep up to date on topics the impact the U.S. international trade community, be sure to read my latest newsletter and...
Unless Congress acts quickly, the duty exclusions currently in place for certain products imported from China are set to expire on Dec....
Comments