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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Politics

Politics

Trudeau visits South Korea for minerals, security.

South Korean President Yoon Suk-yeol and Canada's Prime Minister Justin Trudeau arrive to a new... South Korean President Yoon Suk-yeol and Canada's Prime Minister Justin Trudeau arrive to a news conference in Ottawa, Ontario, Canada September 23, 2022. REUTERS/Blair Gable
South Korean President Yoon Suk-yeol and Canada's Prime Minister Justin Trudeau arrive to a new... South Korean President Yoon Suk-yeol and Canada's Prime Minister Justin Trudeau arrive to a news conference in Ottawa, Ontario, Canada September 23, 2022. REUTERS/Blair Gable

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Prime Minister Justin Trudeau will meet with South Korean President Yoon Suk Yeol on Tuesday to discuss security and battery materials.

Kim Tae-hyo, Yoon’s deputy national security advisor, said a summit, press conference, and dinner are planned for Wednesday.

Kim said a joint statement would celebrate the 60th anniversary of bilateral relations and Trudeau’s first visit in nine years.

The two U.S. allies are discussing methods to improve intelligence sharing and collaboration on EV battery materials.

“The two leaders will discuss intensively on ways to build a norms-based global order, including North Korea’s human rights issues, launching a high-level economic and security dialogue, strengthening cooperation on key minerals,” Kim told reporters.

Reuters said that Yoon and Trudeau would sign an agreement on major mineral supply chains, sustainable energy conversion, and energy security cooperation.
With abundant lithium, cobalt, and nickel reserves, Canada is trying to ramp up EV production.

Last September, the two leaders agreed to strengthen minerals supply chain collaboration to reduce emissions and fight climate change.

While navigating a growing US-China competition, the two countries have increased security cooperation, including intelligence sharing.

Since Huawei Technologies executive Meng Wanzhou’s 2018 incarceration and Beijing arrest of two Canadians on spying accusations, Canada-China relations have been tense.

After Ottawa dismissed a Toronto-based Chinese diplomat, China expelled a Shanghai-based Canadian diplomat last week.

Yoon has stepped lightly with China, South Korea’s major economic partner, but he has been more vocal regarding tension in the Taiwan Strait. Seoul and Beijing clashed over Yoon’s Reuters interview last month.


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