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SEOUL, March 01 (Yonhap) — Senior trade officials from South Korea and China on Wednesday discussed ways to strengthen exchanges and cooperation on supply chains, bilateral trade and investment and create favorable trading conditions, said the Seoul Ministry of Commerce.
The talks took place during a meeting between South Korean Vice Minister of Commerce Jeong Dae-jin and Li Fei, Chinese Vice Minister of Commerce, in Seoul, according to the Ministry of Commerce, Industry. and Energy.
It was the first high-level trade talks between the two neighboring countries since June 2019.
During the meeting, Jeong asked for China’s cooperation to stabilize the supply of raw materials, parts and other items and to help South Korean companies do business “under foreseeable circumstances”, the ministry said. . .
He also called on China to play an active role in accelerating follow-up negotiations on services and investment under its free trade agreement.
The Chinese official said his country will actively try to help ensure the stability of business management for South Korean companies in China and resolve their difficulties, according to the ministry.
Bilateral trade hit a record high of $310.4 billion last year, up 3% from a year earlier, according to government data.
This photo, provided by South Korea’s Commerce Ministry, shows Vice Commerce Minister Jeong Dae-jin (R) shaking hands with Chinese Vice Commerce Minister Li Fei before their talks in Seoul on March 1, 2023 ( PHOTO NOT FOR SALE) (Youhap)
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#LEAD #South Korea #China #strengthen #trade #investment #cooperation
#LEAD #South #Korea #China #strengthen #trade #investment #cooperation
