|
|
|
S. Korea's Presidential office says IPEF does not seek to exclude China
|
|
|
|
Top Stories |
|
|
|
|
IANS | 19 May, 2022
South Korea's presidential office on Thursday denied characterisations
that the US-proposed Indo-Pacific Economic Framework (IPEF) seeks to
exclude China from global supply chains.
Speaking to
reporters ahead of South Korea's likely joining of the IPEF, a
presidential official said China's apparent concerns about the framework
are unwarranted.
"The way I see it, we're not pushing for an
agreement but creating a type of platform where we can work together,"
the official said on condition of anonymity. "It makes me wonder if
they're responding in an overly sensitive manner," Yonhap news agency
quoted the official as saying.
IPEF is an initiative proposed by
US President Joe Biden in October to ensure secure and resilient supply
chains, set the rules of the digital economy, and invest in clean,
modern and high-standards infrastructure.
President Yoon Suk-yeol
is expected to announce South Korea's participation in the grouping
during his summit with Biden in Seoul on Saturday.
The official
rejected China's concerns about IPEF leading to a "decoupling" between
China and South Korea, saying two-way trade reached an all-time high
last year.
"We've said to the Chinese that we should create a
framework to manage stable supply chains through follow-up negotiations
on the South Korea-China free trade agreement," the official said,
adding that the trade ministry will soon launch preparations. "We are
certainly not trying to exclude China."
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|