Trade minister joins U.S.-led meeting on minerals supply chains

Home > Business > Industry

print dictionary print

Trade minister joins U.S.-led meeting on minerals supply chains

Trade Minister Yeo Han-koo speaks to reporters at Incheon International Airport on Feb. 5 after wrapping up his trip to Washington for tariff talks. [NEWS1]

Trade Minister Yeo Han-koo speaks to reporters at Incheon International Airport on Feb. 5 after wrapping up his trip to Washington for tariff talks. [NEWS1]

Trade Minister Yeo Han-koo attended a meeting hosted by the United States of top trade officials of major economies Friday to discuss ways to expand cooperation on critical mineral supply chains amid heightened geopolitical uncertainties, Yeo's office said.
 
The virtual meeting, hosted by the office of the U.S. Trade Representative (USTR), brought together trade ministers of Korea, the United States, Canada, the European Union, Japan, Mexico and others to discuss measures to stabilize global supply chains for critical minerals, according to the Ministry of Trade, Industry and Resources.
 

Related Article

The United States earlier held meetings of finance and foreign ministers of its major trading partners on critical mineral supply chains in January and last week, amid its repeated calls on its allies to join a U.S.-led critical minerals trading bloc to counter China's supply chain clout.
 
In Friday's meeting, Yeo conveyed Seoul's support for multilateral cooperation aimed at stabilizing supply chains amid growing geopolitical uncertainties, while calling for broader participation in the initiative by more countries in a way acceptable to market participants, according to the ministry.
 
The ministry said it will work to deepen Seoul's strategic cooperation with its partners to stabilize the country's critical mineral supply chains, which play a significant role in advanced industries, and strengthen its resilience to possible disruptions.
 
The ministry will also provide active support to efforts by private companies here to secure such materials, it added.

Yonhap
Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
s
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)