S. Korea-US critical minerals agreement finalized, says Bessent
The US and South Korea have finalized a cooperation framework on critical minerals to tackle non-market policies and unfair trade practices. The agreement is expected to deepen collaboration between the two countries and enhance market-based principles.
The US and South Korea have finalized a cooperation framework on critical minerals. US Treasury Secretary Scott Bessent and South Korea's Finance Minister Koo Yun-cheol discussed the framework during a meeting in Washington. The agreement aims to address non-market policies and unfair trade practices. The two sides also discussed South Korea's efforts to become a global hub for artificial intelligence and its potential to boost productivity and economic growth. They agreed to continue consultations on foreign exchange market developments and shared updates on a bilateral trade and investment agreement.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.