Canada and South Korea are set to signal two agreements to strengthen commerce and cultural ties throughout Prime Minister Justin Trudeau’s two-day go to to South Korea this week.
In an interview with International Information, South Korea’s Ambassador to Canada Lim Woongsoon mentioned Trudeau and South Korean President Yoon Suk Yeol will signal a memorandum of understanding to develop the commerce of critical minerals and make it simpler for youth from each nations to take part in exchanges.
“We’re like minded nations. We share the identical values like freedom, human rights and democracy,” mentioned Lim. “There is no such thing as a geopolitical danger in fostering our partnership.”
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South Korea is popping to Canada for vital minerals in a bid to scale back their reliance on China, who provides 80 per cent of their inventory. The ambassador believes partnering with Canada will assist develop Korea’s semiconductor and electrical automobile battery sector, which is the world’s second largest producer.
“Canada is usually a excellent selection for Korean corporations to diversify their provide of vital minerals,” mentioned Lim.
Outdoors of commerce, South Korea will develop entry to work vacation packages and create new classes to permit younger Canadians to intern and work in Korea. Lim says in flip, Canada will likely be “able to accommodate extra Korean candidates” to Canadian packages.
Canada’s push to extend ties with South Korea is part of the Liberal authorities’s Indo-Pacific technique, which was launched final fall.
The technique goals to advance ties within the area and guarantees practically $2.3 billion in new spending over 5 years, together with for commerce and navy initiatives supposed to counterbalance a rising China.
South Korea’s personal Indo-Pacific technique additionally requires strengthening ties with Canada and different companions within the area.
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The prime minister is predicted to be in Seoul between Might 16 and Might 18, after Yoon’s go to to Ottawa in September.
Whereas in Seoul, Trudeau is predicted to attend a ceremony to open the Kapyong Battle Commemorative Path, meant to honour Canada’s contributions in the course of the Korean Battle.
He isn’t anticipated to go to the demilitarized zone separating North and South Korea.
Trudeau is then scheduled to attend the G7 leaders’ summit in Hiroshima, Japan, between Might 19 and 21.
The journey comes as Canada makes an attempt to strengthen its relationships with Japan and South Korea, that are longtime allies and buying and selling companions.
International Affairs Minister Melanie Joly has mentioned the connection with every is so pure that Ottawa has at instances taken it as a right, however that international instability is a time to shore up these bonds.
“We need to be as near Korea, to Japan as (we’re) to Germany, France and Nice Britain; that’s our purpose,” Joly mentioned final December.
—With recordsdata from the Canadian Press
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