Published: 11:03, June 27, 2024 | Updated: 13:01, June 27, 2024
US, Japan, S. Korea vow strategic cooperation to boost security, economies
By Reuters
Japan’s Economy, Trade and Industry Minister Ken Saito (left), US Commerce Secretary Gina Raimondo (center) and South Korea’s Minister of Trade, Industry and Energy Ahn Duk-geun pose for a press photo during the inaugural Trilateral Commerce and Industry Ministerial Meeting at the Commerce Department in Washington, US, June 26, 2024. (PHOTO / REUTERS)

WASHINGTON – Commerce and trade ministers from the United States, Japan, and South Korea on Wednesday vowed to cooperate on strategic issues including artificial intelligence safety, export controls, clean energy, and semiconductor supply chains.

"We're doubling down our efforts to work together," US Commerce Secretary Gina Raimondo said at the start of the meeting in Washington.

"As we three are leading economies in manufacturing, services, technology, and innovation and we have to work together to the benefit not just for our countries, but the safety and security of the world," Raimondo said.

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She was joined at the inaugural trilateral meeting by Japanese Minister of Economy, Trade, and Industry Ken Saito and South Korean Trade, Industry, and Energy Minister Ahn Duk-geun. The meetings were decided by the countries' leaders at an August summit at Camp David.

The ministers said in a statement after the meeting they would "aim to prioritize cooperation to strengthen the resilience of supply chains in key sectors, including semiconductors and batteries," as well as artificial intelligence safety, critical minerals, cybersecurity, and technical standard setting.

Saito said the three "agreed to realize a strong and reliable supply chain for strategic materials by working together with like-minded countries, including Japan, the United States, and South Korea, and designing a market where factors other than price are fairly evaluated”.

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"We expect the South Korea-US-Japan industry ministers' meeting to serve as an institutional basis for deepening and developing industrial cooperation among the three countries and jointly responding to global risks," said Ahn.