USTR stresses will for ‘mutually useful’ ties with S. Korea – Seoul News

The Federation of Korean Industries (FKI) stated that Tai met Korean enterprise leaders in Seoul, as Seoul and Washington have sought to beef up cooperation on international provide chains, applied sciences and different points amid an intensifying Sino-US rivalry, stories Yonhap News Agency.

The assembly on Saturday was co-hosted by the FKI, the US Embassy in Seoul and the American Chamber of Commerce in Korea.

During the session, Tai highlighted the Joe Biden administration’s will for stronger cooperation with South Korea and its imaginative and prescient for an Indo-Pacific financial framework associated to cooperation on provide chain resiliency, digital economic system, clear power and different areas.

FKI chairman Huh Chang-soo stated that the South Korea and the US have demonstrated their “steely” alliance by cooperation during the last two years within the midst of the Covid-19 pandemic.

“At a time of great economic uncertainties caused by Covid-19, cooperation among the countries sharing values is more important,” he was quoted as saying.

“The two countries should work together to foster a fair global business environment and create a synergic effect for world prosperity through cooperation in the cutting-edge industrial sector,” he added.

It is the primary time in 11 years that the sitting USTR has visited South Korea. She arrived in Seoul on Thursday for a 4-day go to.

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