APEC Summit: Yoon Volunteers for Action on Supply Chain Risks

by Carolyn Mathas

Attending the APEC Summit in San Francisco expressed South Korea’s solidarity with the U.S. and Japan and its commitment to lead global action on climate change and supply chain risks. Chinese President Xi Jinping attended and had a bilateral meeting with President Biden on the sidelines.

Yoon strengthened ties with Washington and Tokyo via a bilateral meeting with Japanese Prime Minister Fumio Kishida on the seventh of this year. Yoon exchanged greetings with Xi at an APEC session. Biden thanked Yoon and Kishida for their efforts to mend the South Korea-Japan relationship, key to implementing U.S. policy for the Indo-Pacific region.

Yoon said South Korea will lead the spread of carbon-free energy use and hopes to cooperate with APEC member states. He called on APEC economies to prioritize supply chain resilience, adopting early warning systems and other steps to address supply chain disruptions. Yoon also participated in a summit of the Indo-Pacific Economic Framework (IPEF), held on the margins of the APEC, producing an agreement to launch a “critical minerals dialogue” to establish stable critical mineral supply chains.

During the series of meetings with leaders of Peru, Chile, and Vietnam, Yoon highlighted the threat posed by military cooperation between Russia and North Korea and discussed ways to work together against such “illegal cooperation.”

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