Thursday, Jan 27 2022 | Time 23:19 Hrs(IST)
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World


South Korea, US discuss creation of new trade channel for semiconductors Supply

Seoul, Nov 19 (UNI/Sputnik) South Korea and the United States negotiated on Friday an initiative to set up a new bilateral channel to boost cooperation in deliveries of primary materials and items, including semiconductors.
The matter was discussed at a meeting of the committee on the bilateral 2012 Free Trade Agreement (KORUS FTA), attended by South Korean Trade Minister Yeo Han-Koo and US Trade Representative Katherine Tai, who is currently on a visit to Seoul.
"The two sides agreed to boost bilateral strategic partnership regarding such various new trade issues as supply chains, technologies, a new digital trade framework and climate change. For the goal, we discussed setting up a channel through which we have in-depth discussions and cooperation under the current Korea-US FTA framework," the South Korean Ministry of Trade, Industry, and Energy was quoted as saying by the Yonhap news agency.
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