SKorea, US agree to bolster economic security cooperation

by IANS |

Seoul, June 15 (IANS) South Korea and the United States agreed to step up cooperation for stable supply chains of critical minerals and other economic security issues in their high-level economic talks.

Second Vice Foreign Minister Lee Do-hoon and Jose W. Fernandez, the US undersecretary of state for economic growth, energy and the environment, held their first in-person meeting in Toronto on Tuesday (local time) on the sidelines of an inaugural gathering for the Minerals Security Partnership (MSP), Seoul's foreign ministry on said Wednesday.

The MSP is a Washington-led initiative aimed at ensuring stable supply chains for critical minerals used in advanced technologies, and South Korea is one of the partners, along with Canada, Australia, Japan and other European nations, Yonhap news agency reported.

They agreed to bolster coordination for economic security issues and implementation of agreements reached during last month's bilateral summit, in which the allies vowed to enhance partnerships in such industries as semiconductors and batteries, it added.

Latest News
Rajasthan Cong seeks NIA probe into BJP's alleged links with terrorists Tue, Jul 05, 2022, 04:30 PM
Will BJP respect 5-term Jalalpore MLA's wishes and renominate him? Tue, Jul 05, 2022, 04:29 PM
Congress raises pitch on PSI recruitment scam in Karnataka, BJP hits back Tue, Jul 05, 2022, 04:17 PM
ACB conducts raids on Oppn leader Siddaramaiah's right hand man in K'taka Tue, Jul 05, 2022, 04:16 PM
Proposal sent to rename wards in Ayodhya after Kalyan Singh, Ashok Singhal Tue, Jul 05, 2022, 04:06 PM
David Warner's wife fumes over life-time ban on husband from taking up leadership role in Australia Tue, Jul 05, 2022, 03:55 PM
'Chalk and cheese': Stark contrast in Rishabh Pant's batting in red and white-ball cricket Tue, Jul 05, 2022, 03:44 PM
Juvenile held in Delhi for raping 12-year-old kin Tue, Jul 05, 2022, 03:27 PM
Sudanese leader says military to stay out of political talks Tue, Jul 05, 2022, 03:22 PM
Kerala Minister Saji Cherian criticises Constitution, rtd judge seeks resignation Tue, Jul 05, 2022, 03:20 PM
Palestine rejects results of US probe on Al Jazeera journo's killing Tue, Jul 05, 2022, 03:15 PM
The Ukraine war shapes a new world order - unipolarity crumbles to give way to multipolarity-Part 2 Tue, Jul 05, 2022, 03:04 PM
India were disappointing and timid to say the least on Day 4, says Shastri Tue, Jul 05, 2022, 02:49 PM
Elderly couple found murdered in Kanpur Tue, Jul 05, 2022, 02:44 PM
India has to limit loan Tue, Jul 05, 2022, 02:34 PM