[Full Text] Yoon, Korea-Canada Summit "Strengthening Economic Security Cooperation and Joint Creation of Future Growth Engines"

Strengthening Strategic Cooperation for Regional Peace and Prosperity Including North Korean Nuclear Response

[Image source=Yonhap News]

[Asia Economy Reporter Ki-min Lee] On the afternoon of the 23rd (local time), President Yoon Suk-yeol and Canadian Prime Minister Justin Trudeau held a summit in Ottawa, Canada, where they agreed to strengthen economic security cooperation between the two countries, including collaboration in key mineral sectors, and to closely cooperate in future industries such as digital innovation and artificial intelligence (AI). The two leaders also agreed to further enhance strategic cooperation for regional peace and prosperity.

President Yoon announced this through a 'Joint Press Statement' released after the summit. He said, "First, we agreed to further strengthen economic security cooperation between the two countries," adding, "Canada, a global mineral producer, and Korea, a major producer of semiconductors and batteries, play important roles in the global supply chain. To secure a stable supply chain after the pandemic, our governments and companies will firmly establish a cooperative system in the mineral resources sector."

President Yoon also stated, "We agreed to jointly create growth engines for future industries. Canada, an AI advanced country, and Korea, a digital innovation nation, promised to cooperate for global digital transformation," and explained, "Both Canada and Korea have declared goals for carbon neutrality and decarbonization by 2050, and based on each country's strengths in clean hydrogen production and distribution, we will generate a high level of synergy."

Below is the full text of the joint press statement.

I deeply thank Prime Minister Trudeau and the people of Canada for warmly welcoming me and our delegation.

Korea and Canada, as guardians of a rules-based international order and central countries in the Indo-Pacific region, have developed exemplary cooperative relations since establishing diplomatic ties.

Today, ahead of the 60th anniversary of diplomatic relations next year, I discussed various cooperation measures with Prime Minister Trudeau to elevate bilateral relations to a higher level.

This meeting is especially meaningful as it was held amid the international community facing complex challenges such as the pandemic, supply chain disruptions, and climate change.

Korea and Canada agreed to closely cooperate in the future based on the core values and achievements shared by both countries.

First, we agreed to further strengthen economic security cooperation between the two countries.

Canada, a global mineral producer, and Korea, a major producer of semiconductors and batteries, play important roles in the global supply chain.

To secure a stable supply chain after the pandemic, we will firmly establish a cooperative system in the mineral resources sector between our governments and companies.

Additionally, to actively respond to shocks caused by changes in the international order, we will maintain close communication through high-level dialogue channels between diplomatic and industrial authorities.

Second, we agreed to jointly create growth engines for future industries.

Canada, an AI advanced country, and Korea, a digital innovation nation, promised to cooperate for global digital transformation.

Furthermore, both Canada and Korea have declared goals for carbon neutrality and decarbonization by 2050, and based on each country's strengths in clean hydrogen production and distribution, we will generate a high level of synergy.

To this end, we will further activate the high-level joint committee between relevant ministries of both countries.

Third, on the occasion of the 60th anniversary of diplomatic relations, we will further promote human and cultural exchanges.

Prime Minister Trudeau and I agreed that the long history of exchanges and bonds between our peoples has been a solid foundation for the development of bilateral relations.

Based on this consensus, we will promote a variety of cultural exchange events to celebrate the 60th anniversary next year and designate 2024?2025 as the 'Korea-Canada Mutual Cultural Exchange Year.'

Finally, we agreed to further strengthen strategic cooperation between the two countries for regional peace and prosperity.

We shared assessments of North Korea's increasingly sophisticated nuclear and missile threats and agreed to closely cooperate for North Korea's denuclearization.

We will expand communication as we develop Indo-Pacific strategies and closely cooperate on global issues such as climate change.

We hope that the two countries will accumulate cooperative achievements based on firm trust, and I look forward to meeting Prime Minister Trudeau in Seoul next year.

Thank you.

This content was produced with the assistance of AI translation services.