Yoo Myung-hee, Head of Headquarters, and Tai USTR Representative Agree to Closely Cooperate on 'Establishing a New Trade Order and WTO Reform'

Video Conference Held on the 23rd
Korea-US Trade Ministers' Meeting to be Held Soon

Yoo Myung-hee, Chief Negotiator of the Ministry of Trade, Industry and Energy (file photo)

[Sejong=Asia Economy Reporter Joo Sang-don] The trade ministers of Korea and the United States have agreed to closely cooperate on establishing a new trade order including digital trade and reforming the World Trade Organization (WTO).

The Ministry of Trade, Industry and Energy announced on the 23rd that Yoo Myung-hee, Director-General for Trade Negotiations, and Katherine Tai, the new United States Trade Representative (USTR), held a video conference to share their countries' trade policies and discuss cooperation measures.

Additionally, the two countries agreed to hold a Korea-US trade ministers' meeting in the near future to continue discussions on bilateral and multilateral cooperation and to further deepen these efforts.

This meeting was arranged at the request of the U.S. side following Representative Tai's inauguration on the 18th. Representative Tai is conducting introductory video or phone meetings with trade ministers of key partner countries including Korea, the United Kingdom, Canada, the European Union (EU), as well as the WTO Director-General.

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