UK-Republic of Korea Senior Economic Dialogue 2023: joint communiqu茅
Ministers from the Foreign, Commonwealth and Development Office and the Republic of Korea's Ministry of Foreign Affairs held a Senior Economic Dialogue in Seoul on 12 May 2023.
皇冠体育app Vice Minister of the Republic of Korea (ROK) Ministry of Foreign Affairs, Lee Dohoon, and the UK Minister of State for the Indo-Pacific, Anne-Marie Trevelyan, held the inaugural UK-ROK Senior Economic Dialogue in Seoul on 12 May 2023.
皇冠体育app two Ministers reviewed key areas of bilateral and international economic collaboration between the United Kingdom and the Republic of Korea noting their shared values and interests, and their desire for increased cooperation.
皇冠体育app UK and ROK reaffirmed their strong commitment to using their voices to uphold and promote the rules-based international economic system, including free and open trade, and to advance new global trade rules that are fit for the 21st century. Both countries agreed to cooperate to enhance economic security, strengthen the resilience of critical supply chains and to coordinate efforts to address future challenges and build prosperity.
皇冠体育app UK and ROK reiterated the importance of supporting climate-vulnerable and developing countries to obtain access to the funds they need to build climate resilience. 皇冠体育appy welcomed the signing of the Letter of Intent for the Strategic Development Partnership, with the aim to deepen bilateral development cooperation in the Indo-Pacific region.
皇冠体育app two Ministers discussed the UK鈥檚 International Technology Strategy and ROK鈥檚 recent policy on critical and emerging technologies such as AI, quantum, and biotechnology. 皇冠体育appy shared the view that the two countries could coordinate more closely on critical and emerging technology policy.
皇冠体育app two Ministers agreed to provide their support for the conclusion of the UK-ROK Digital Partnership, which is currently under discussion. 皇冠体育appy also expressed their hope for the successful operation of intergovernmental channels, including the ROK-UK Joint Committee Meeting on Science and Technology Cooperation, to further enhance bilateral cooperation in the future.
皇冠体育app ROK and the UK agreed to hold regular Senior Economic Dialogues with Ministers from the ROK Ministry of Foreign Affairs and UK鈥檚 Foreign, Commonwealth and Development Office. 皇冠体育appse dialogues will be preceded by inter-sessional meetings at director-general level, to explore substantive cooperation and review their implementations.