April 27, 2024
Economy
Korea’s trade minister, US Counterpart hold talks
[THE INVESTOR] South Korea’s trade minister met with his US counterpart to increase understanding on economic cooperation between the two countries, his office here said on March 9.
In a meeting with US Secretary of Commerce Wilbur Ross in Washington, Joo Hyung-hwan said the South Korea-US Free Trade Agreement has contributed to expanding bilateral trade and investment and creating jobs in both countries since its implementation in 2012, according to the Ministry of Trade, Industry and Energy.
Joo is on a four-day visit to the US to engage in talks with Ross, who took the helm of the Department of Commerce last week, and other officials and experts there.
The two ministers agreed to widen investment in the manufacturing industry and bolster cooperation in the energy sector based on the Seoul-Washington trade pact.
“Through the meeting with Ross, we’ve established a trade and business cooperative channel with the new US administration,” the ministry said.
Concerns have been rising in South Korea that the US government under President Donald Trump may take what some call protectionist measures, in line with his motto “America First.”
(theinvestor@heraldcorp.com)
In a meeting with US Secretary of Commerce Wilbur Ross in Washington, Joo Hyung-hwan said the South Korea-US Free Trade Agreement has contributed to expanding bilateral trade and investment and creating jobs in both countries since its implementation in 2012, according to the Ministry of Trade, Industry and Energy.
Joo is on a four-day visit to the US to engage in talks with Ross, who took the helm of the Department of Commerce last week, and other officials and experts there.
The two ministers agreed to widen investment in the manufacturing industry and bolster cooperation in the energy sector based on the Seoul-Washington trade pact.
“Through the meeting with Ross, we’ve established a trade and business cooperative channel with the new US administration,” the ministry said.
Concerns have been rising in South Korea that the US government under President Donald Trump may take what some call protectionist measures, in line with his motto “America First.”
(theinvestor@heraldcorp.com)
