Economy1 hour ago (Aug 12, 2021 09:46PM ET)
© Reuters. FILE PHOTO: U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool via REUTERS
WASHINGTON (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.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.