Korea, Japan to hold regular policy dialogue on trade, supply chain issues

Korea and Japan agreed Saturday to establish a regular communication channel between their industry ministries to better manage various trade, economic security and supply chain issues, Seoul’s industry ministry said. The agreement was made at a meeting between Korean Industry Minister Kim Jung-kwan and his Japanese counterpart, Ryosei Akazawa, held on the sidelines of the inaugural Indo-Pacific energy security ministerial meeting in Tokyo, according to the Ministry of Trade, Industry and Resources. The two countries will comprehensively monitor and manage various economic issues, including trade cooperation, economic security, supply chains and mineral resources, through the envisioned policy dialogue amid a rapidly shifting global trade and geopolitical environment, the ministry explained. The ministry said the two sides also signed a bilateral supply chain partnership arrangement (SCPA) to up their readiness to possible supply chain disruptions while boosting their joint response capacity by working to minimize unnecessary restrictions to trade affecting supply chain resilience. The S

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