'COVID-19 Response' Korea-Latin America Virtual Meeting Discusses Ways to Revitalize Economic Cooperation
[Asia Economy Reporter Lim Cheol-young] On the 1st, the Ministry of Foreign Affairs held a video conference jointly with the Korea-Latin America Association and the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).
The video conference began with opening remarks by Shin Soong-chul, President of the Korea-Latin America Association, and Ra?l Garc?a-Buchaca, Deputy Executive Secretary of ECLAC. Participants included officials from the Ministry of Foreign Affairs and the Ministry of Strategy and Finance, professors from Hankuk University of Foreign Studies, and the Directors of Economic Development and Social Development at ECLAC. Approximately 500 government and academic figures from Latin America also attended online.
The video conference examined the social and economic impacts and outlook of the novel coronavirus disease (COVID-19), as well as policy implications of Korea and Latin America’s COVID-19 responses, followed by discussions on ways to revitalize Korea-Latin America economic cooperation after COVID-19.
Regarding post-COVID-19 Korea-Latin America cooperation, the discussion focused on seeking new cooperation opportunities based on accumulated collaboration during the response process, including expanding health and medical cooperation, ICT cooperation in response to the normalization of non-face-to-face activities, and social infrastructure expansion.
ECLAC is a UN subsidiary commission established in 1948 for the economic development and social development of the Latin American region. Since joining as a full member in 2007, Korea has explored cooperation with ECLAC and Latin America through joint research, expert exchanges, and seminar hosting.
Currently, ECLAC operates a “COVID-19 Observatory” to monitor COVID-19 response policies in 33 Latin American countries and analyze their impacts, playing a key role as the largest think tank in the Latin American region even during the COVID-19 phase.
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An official from the Ministry of Foreign Affairs stated, "This video conference is meaningful as Korea, even under the COVID-19 situation, has sought future cooperation expansion measures by maintaining close communication with Latin American regional organizations and turning the COVID-19 crisis into an opportunity." He added, "The Ministry of Foreign Affairs plans to continue expanding COVID-19 response cooperation with major Latin American regional organizations."
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