Minister Wang Wentao met with South Korean Minister of Industry and Trade Kim Jong-kwan

On November 2nd, Minister of Commerce Wang Wentao met with South Korean Minister of Industry and Trade Kim Jong-guan in Gyeongju, South Korea. The two sides conferred on maintaining the stability of the industrial chain supply chain and strengthening regional and bilateral cooperation. Wang Wentao said that China and South Korea are important close neighbors and cooperative partners, and China is willing to work with South Korea to implement the important consensus reached by the leaders of the two countries and promote new development of China-ROK economic and trade relations. The two sides should strengthen communication and coordination through the China-ROK production and supply chain cooperation hotline, export control dialogue, and trade relief cooperation mechanism to ensure the stability and smooth flow of the China-ROK production and supply chain; strengthen cooperation under the framework of the World Trade Organization and the Regional Comprehensive Economic Partnership Agreement, and promote the resumption of China-Japan-ROK free trade agreement negotiations as soon as possible, so as to jointly safeguard free trade and multilateralism Kim Jung-guan said that China is an important economic and trade partner of South Korea, and the ROK is willing to work with China to accelerate the negotiation process of the second phase of the Korea-China Free Trade Agreement, promote local economic and trade cooperation, and continue to deepen bilateral trade and investment and regional and multilateral cooperation.