SEOUL, Aug. 25 (Yonhap) — South Korea’s Trade Minister Ahn Duk-geun has met with his American and Chinese counterparts to explore ways to increase trade and investment cooperation between the three countries, the Ministry of Trade, Industry and Energy revealed on Friday.
Ahn and US Trade Representative Katherine Tai discussed implementing the measures agreed upon by their leaders during a trilateral summit with Japan at Camp David last week. These measures included ensuring resilient supply chains, encouraging the clean energy transition, and promoting sustainable economic growth and financial stability.
The two also discussed the Inflation Reduction Act and the progress of the US-led Indo-Pacific Economic Framework (IPEF). Fourteen IPEF member nations will gather in Bangkok next month to negotiate the details of the platform, which was launched by President Joe Biden to counter China’s growing influence in the region.
Ahn and Wang Shouwen, deputy secretary of China’s commerce ministry, met separately to discuss ways to foster bilateral trade and investment through the Regional Comprehensive Economic Partnership and other platforms. They also vowed to maintain communication through high-level trade talks.
The meetings took place at the two-day Group of 20 Trade and Investment Ministerial Meeting in Jaipur, India, which was attended by the trade chiefs of nine countries, including the United States, China and India. Ahn also met with his counterparts from Saudi Arabia, India and the United Arab Emirates to discuss strengthening trade ties.
graceoh@yna.co.kr
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