Korea, Finland seek ways to boost cooperation in supply chains, advanced industries

Trade Minister Yeo Han-koo, right, shakes hands with his Finnish counterpart, Ville Tavio, during their meeting in Seoul on April 10 in this photo provided by Yeo’s office. [YONHAP]

 

Trade Minister Yeo Han-koo met with his Finnish counterpart on Friday to discuss bilateral cooperation in supply chains and advanced industries amid heightened global uncertainties, his office said.

 

In their meeting in Seoul, Yeo and Finland’s Minister for Foreign Trade and Development Ville Tavio explored ways to deepen cooperation between their countries in AI, circular economy and other advanced industries, according to the Ministry of Trade, Industry and Resources.

 

 

They also discussed upgrading the countries’ ties to a strategic and comprehensive partnership while agreeing on the need for closer cooperation among countries, including Korea and Finland, that support open trade amid volatility in the global trade environment stemming from the rise of trade protectionism and geopolitical conflicts.

 

“Finland, with its critical minerals infrastructure and advanced technological capabilities, is a key partner for Korea, and the Seoul government will work to further strengthen economic and security ties with Europe through its mutually beneficial partnership with Finland,” Yeo was quoted as saying.

 

The ministry said that Seoul will continue its communication with Finland through various trade channels, such as the Korea-European Union FTA committee, in a bid to help safeguard the multilateral and rules-based global trading system.

Yonhap