Canada and South Korea have agreed to co-operate on supply chains for critical minerals needed for electric vehicles as both countries work to strengthen their economic ties and reduce their dependence on China.
"We recognize — both of us — that China is an important economic partner, not just in the region but around the world," Prime Minister Justin Trudeau said Wednesday in Seoul at a joint news conference with South Korean President Yoon Suk Yeol.
"It's something that we will both be continuing to do in ways that make sense for our own countries and our own situations." Trudeau's visit to South Korea follows on commitments from both countries to strengthen economic and military ties to counterbalance the influence of China. The companies jointly wrote to Trudeau last month after Volkswagen announced it had secured a deal to set up a battery plant in St. Thomas, Ont. That deal had Canada offering a $700-million capital contribution and $8 billion to $13 billion in production subsidies to match what Volkswagen would get in production tax credits under the U.S. Inflation Reduction Act.
"We welcome thousands of Korean students to our universities every year and now, we want to do even more," said Trudeau, adding it will create new opportunities for youth to work in both countries. He highlighted what Canada is doing to enforce maritime sanctions against North Korea through Operation Neon.
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Canada, South Korea agree to work together on clean-energy supply chainsCanada and South Korea have signed a memorandum of understanding on supply chains for critical minerals and the transition to clean energy.
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Canada, South Korea agree to work together on clean-energy supply chains | National NewswatchNational Newswatch: Canada's most comprehensive site for political news and views. Make it a daily habit.
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South Korea’s Yoon, Canada’s Trudeau agree to boost cooperation on critical mineralsThe leaders also ‘strongly condemned’ North Korea’s nuclear and missile development, and agreed to continue joint efforts for a rules-based order in the region
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Canada, South Korea agree to work together on clean-energy supply chainsCanada and South Korea have signed a memorandum of understanding on supply chains for critical minerals and the transition to clean energy. Prime Minister Justin Trudeau reached the agreement with South Korean President Yoon Suk Yeol during an official visit to Seoul today, where they also announced a new youth mobility arrangement.
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Canada and South Korea to strengthen trade, cultural ties during Trudeau visit - National | Globalnews.caThe two countries will sign a memorandum of understanding to expand the trade of critical minerals and make it easier for youth from both countries to participate in exchanges.
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