SME Times is powered by   
Search News
Just in:   • India, US bilateral trade focuses on high-growth sectors like chips, electronics  • India’s auto sector not likely to face major impact due to US tariff hike  • India's nuclear energy capacity jumps from 4,780 MW to 8,180 MW in 10 years, set for big leap  • Impact of Trump's 'reciprocal' tariffs may be limited due to FTA: South Korea  • PM Modi's 'MAGA, MIGA' equation for India-US 'MEGA' ties 
Last updated: 14 Apr, 2024  

Logistics generic THMB S. Korea, US & Japan to hold ministers' talks on supply chain issues

Logistics.Resize.jpg
   Top Stories
» India, US bilateral trade focuses on high-growth sectors like chips, electronics
» PM Modi's 'MAGA, MIGA' equation for India-US 'MEGA' ties
» PM Modi to meet Elon Musk at White House on Thursday
» PM Modi on 2-day US visit, to meet Trump today
» PM Surya Ghar scheme benefits 8.46 lakh households in first year of launch
IANS | 14 Apr, 2024
South Korea and the United States have agreed to hold bilateral talks on supply chain and commercial issues and a trilateral industry ministers' meeting with Japan in the first half of the year, a senior Seoul official said.

Industry Minister Ahn Duk-geun announced the agreement, wrapping up his dayslong trip in Washington, during which he met U.S. Commerce Secretary Gina Raimondo, lawmakers and experts for talks on trade, energy and industrial issues.

The plan for the meetings comes as Seoul, Washington and Tokyo have been strengthening bilateral and trilateral cooperation under a U.S. push to cement a "lattice-like" network of allies to confront regional and global challenges, reports Yonhap news agency.

"Through a meeting with the commerce secretary, we discussed ways to produce wide-ranging outcomes from the South Korea-U.S. Supply Chain and Commercial Dialogue (SCCD), and discussed ways to cooperate through the South Korea-U.S.-Japan industry ministers' meeting," Ahn said in a meeting with Korean reporters.

He was referring to the trilateral ministerial meeting that South Korean President Yoon Suk Yeol, U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida agreed to create at their landmark summit at Camp David in Maryland in August.

SCCD is a regular ministerial forum designed to discuss promotion of resilient supply chains of key products, including semiconductors, batteries, and critical minerals.

During bilateral energy ministers' talks this week, Ahn proposed holding the Ministerial Energy Policy Dialogue -- a comprehensive platform designed to discuss a wide range of bilateral energy issues -- within this year.

"The two sides formed a shared understanding over the need to revitalise communication channels between the two (energy) ministers," Ahn said.

The minister also said that he called for U.S. government officials and lawmakers to ensure that South Korean enterprises can get subsidies and tax incentives without any discrimination, and smoothly secure visas for their workers needed for the establishment of U.S. facilities.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
84.35
82.60
UK Pound
106.35
102.90
Euro
92.50
89.35
Japanese Yen 55.05 53.40
As on 12 Oct, 2024
  Daily Poll
Will the new MSME credit assessment model simplify financing?
 Yes
 No
 Can't say
  Commented Stories
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter