Categories: Politics

USA & Korea Advance Economic Cooperation at Economic Dialogue

The United States and the Republic of Korea Advance Economic Cooperation at the 5th Senior Economic Dialogue

Washingtion, DC (STL.News) The US Department Of State released the following statement:

“The Republic of Korea is a global economic powerhouse, which shares our same values and democratic principles.  The U.S.-ROK economic partnership, which includes safeguarding a clean 5G infrastructure from untrusted, high-risk vendors, will serve as a linchpin for securing a peaceful and prosperous economic future for our two countries and the world.” —Under Secretary Keith Krach, October 13, 2020

“We recognize the importance of continuing to bolster our economic partnership amidst the COVID-19 pandemic and global economic uncertainties.  Building on our close cooperation in the fight against this pandemic, we will continue our joint efforts in the months to come to prevent this pandemic from disrupting our economic interactions.” —Vice Foreign Minister Lee Tae-ho, October 13, 2020

The U.S. Department of State hosted the fifth United States (U.S.)-Republic of Korea (ROK) Senior Economic Dialogue (SED) in a virtual format on October 13.  Under Secretary of State for Economic Growth, Energy, and the Environment Keith Krach and Ministry of Foreign Affairs 2nd Vice Foreign Minister Lee Tae-ho led the delegations.

The 5th SED provided an opportunity to take stock of progress and explore avenues to further cooperation between the ROK and the United States, particularly in line with the New Southern Policy of the ROK and the Indo-Pacific Strategy of the United States.

Both sides intend to continue their close coordination through the SED to further strengthen bilateral economic ties and enhance their partnership on regional and global issues.

In recognition of the ROK’s ascendance as a leading global economy, Under Secretary Krach highlighted the ways in which the U.S.-ROK economic partnership has expanded its scope of cooperation from bilateral and regional issues to increasing engagement on global issues – including in the areas of economic security, women’s economic empowerment, and protecting sensitive and emerging technologies.

The discussion showcased the strength of the U.S.-ROK economic partnership during a time of unprecedented global economic and public health challenges, and focused on opportunities to expand bilateral cooperation to combat the COVID-19 pandemic, accelerate global economic recovery and supply chain and manufacturing diversification, and advance prosperity across the Indo-Pacific region.

NOTE: this is NOT the complete release.

CLICK to VIEW COMPLETE RELEASE

 

STLNEWS

STL.News is owned and operated by STL.News, LLC. We publish States Top Leading News. Our news is timely, unbiased and content is obtained direct from the source to obtain reliable information. Additionally, we will publish YouTube news video from major media companies.

Recent Posts

Kansas Governor: On Senate’s Rejection of Carl Folsom Appointment

Governor Laura Kelly’s Statement on Kansas Senate’s Decision to Again Reject the Appointment of Carl…

3 hours ago

Colorado Governor Polis Signs Bills Into Law

DENVER, CO (STL.News) Following the temporary adjournment of the 73rd General Assembly, Governor Jared Polis signed five…

3 hours ago

Illinois Governor On President Biden’s Plan to Combat COVID-19

Springfield, IL (STL.News) Governor JB Pritzker issued the following statement following President Biden's announcement of the national…

3 hours ago

Hawaii Department Of Agriculture: Live Skunk Captured

HONOLULU, HI (STL.News) A live skunk was captured yesterday morning at Pier 1 at Honolulu Harbor.  Plant…

3 hours ago

DC Government: Several Activities to Remain Suspended

Washington, DC (STL.News) The pause on various Phase Two activities that began on Wednesday, December 23,…

3 hours ago

US, EU to collaborate on COVID-19 pandemic and climate change

(STL.News) The European Union hailed Joe Biden's inauguration later on Wednesday as U.S. president as…

3 hours ago