U.S. Secretary of Commerce Gina Raimondo convened 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 today to deliberate on the significance of trustworthy and resilient supply chains in key sectors.
The Ministers expressed mutual concerns about the potential for non-market policies and practices to distort markets, potentially undermining workers, industries, and the resilience and security of their economies. They emphasized the necessity to diversify supply chains where appropriate, a stance consistent with other multilateral forums such as the U.S.-Japan-Republic of Korea Trilateral Commerce and Industry Ministerial Meeting.
The Ministers committed to ongoing communication regarding these issues.
