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Readout of U.S.-EU-Japan-Republic of Korea Ministerial Meeting

FOR IMMEDIATE RELEASE

Today, U.S. Secretary of Commerce Gina Raimondo met with European Commission Executive Vice President Margrethe Vestager, Japanese Minister of Economy, Trade and Industry Saito Ken, and Republic of Korea Minister of Trade, Industry and Energy Ahn Duk-geun to discuss the importance of trustworthy and resilient supply chains in key sectors.

The Ministers discussed shared concerns regarding the potential for non-market policies and practices to distort markets and undermine our workers, industries, and the resilience and security of our economies. In alignment with the approach taken through other multilateral forums, including the U.S.-Japan-Republic of Korea Trilateral Commerce and Industry Ministerial Meeting, the Ministers discussed the need to diversify supply chains where necessary and appropriate, and will continue to communicate on this issue.