“Cooperation platform … not overreacting” to concerns regarding retaliation from China
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(Seoul = Yonhap News) Reporter Jeong A-ran = The President’s Office explained the concept of a ‘supply chain alliance’ regarding the ‘Indo-Pacific Economic Framework (IPEF)’, which was launched on the occasion of US President Joe Biden’s trip to Korea and Japan on the 19th. “I am not trying to alienate China,” he said.
He was wary of overreacting, saying that it was to create a platform for cooperation.
An official from the presidential office said at a briefing at the Yongsan Government Complex in the morning of the same day, regarding ‘economic security’, one of the key agendas of the Korea-US summit on the 21st, “Now, to properly manage the supply chain, we need a kind of alliance system.” It is an essential part of economic security,” he said.
It reaffirmed that the US-led IPEF does not exclude China and that supply chain cooperation between Korea and China is possible.
The official said, “The IPEF is positive in that the global supply chain is connected, and we are missing some areas in the high-tech sector, such as technology leakage, intellectual property rights, and digital norms in the new commerce sector, and we have to fill them with international norms,” he said. I don’t mean to rule it out.”
“The important thing for the follow-up negotiations for the Korea-China FTA is that the supply chain can be managed efficiently through the chapter on economic cooperation,” he said.
Regarding IPEF participation, when asked, ‘Do you plan to discuss with the US if a second THAAD incident (leading to China’s retaliation) happens?’ Do you think it’s fair?” he asked.
“The IPEF is not pursuing an agreement, it is creating a platform and mechanism to cooperate with, but it is not overreacting too sensitively.” “He said.
![[그래픽] Overview of the Indo-Pacific Economic Framework (IPEF) of the ‘China Containment Economic Council’](https://img1.yna.co.kr/etc/graphic/YH/2022/05/18/GYH2022051800130004402_P1.jpg)
(Seoul = Yonhap News) Reporter Lee Jae-yoon = US President Joe Biden has decided to launch the Indo-Pacific Economic Framework (IPEF) targeting China during his visit to Japan next week, Bloomberg News reported on the 17th (local time). .
Accordingly, President Yoon Seok-yeol will attend the IPEF inauguration summit meeting via video on the 24th.
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2022/05/19 11:43 Send
