South Korean joint consultative body pledges to do everything possible to resolve the trade dispute between Seoul and Tokyo

민관 정 소재 … 산업 강화 총력 대응

South Korea has launched a new consultative body of lawmakers, government officials and private sector representatives to address growing trade restrictions imposed by Japan on South Korea.
Today, they held their first meeting in the National Assembly.
Our Kim Mok-yeon tells us more
The joint consultative body composed of representatives of the government, parliament and the private sector is committed to doing everything possible to cooperate and find solutions to the latest export restrictions imposed by Japan. to South Korea.
Dozens of representatives attended Wednesday's meeting, including Seoul Finance Minister Hong Nam-ki, Cho Jung-sik, the political leader of the ruling Democratic Party, President Kim Sang-jo's chief of staff, and the president of the Korean Human Rights Chamber. Trade Park and Yong-maan Industry.
At the opening statement, the presidential chief of staff in charge of politics promised that the government would continue to work to resolve the trade dispute through diplomatic channels.
"The government will continue its efforts to solve the problem quickly and diplomatically.We keep in mind that protecting the life and property of the public is the most important priority of any country."
After an hour behind closed doors, Seoul Finance Minister Hong Nam-ki and President of the Korea International Trade Association Kim Young-ju have been appointed co-chairs of the body. Advisory.
Hong said that now that Tokyo is preparing to extend its trade restrictions to Seoul, they are preparing measures for all possible scenarios, but the details could not be revealed.
He said the participants agreed that it was primarily important to minimize the impact on local businesses.
"Businesses will accelerate their efforts to stabilize their supplies and promote cooperation between small and medium-sized enterprises.Our advisory body has agreed to inject about 845 million US dollars a year to reduce Korea's dependence on foreign trade. with regard to Japanese exports. "
Members of the advisory body have pledged to develop short- and long-term plans to strengthen the competitiveness of South Korea's parts and materials industries … and to promote localization.
"It is possible that Japan will make similar decisions in the future.We should be able to propose long-term countermeasures that could become a fundamental solution."
While urging Japan to lift its existing restrictions and put an end to its plan to expand restrictions, participants also pledged to strengthen cooperation with the international community.
Kim Mok-yeon, Arirang News.

#consultation #tradedispute #materialsindustries

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