President Lee Jae Myung introduced the joint truth sheet of the Korea-U.S. tariff and safety settlement on Nov. 14. This comes 16 days after President Lee and U.S. President Donald Trump reached settlement on main points associated to tariffs and safety on the Korea-U.S. summit in Gyeongju on October 29.
Lee introduced the actual fact sheet on the presidential workplace in Yongsan, Seoul, stating, “The preparation of explanatory supplies containing the agreements reached by each nations at two Korea-U.S. summits has been accomplished,” and “With this, the Korea-U.S. commerce and commerce negotiations and safety consultations, which had been among the many best variables for our economic system and safety, have been lastly concluded.”
Lee mentioned, “Though we took a belated begin in tariff negotiations in comparison with different nations as a consequence of riot and nationwide and social chaos, based mostly on the strong belief of the Korea-U.S. alliance and thru mutual respect, understanding, and reciprocal knowledge, each Korea and the U.S. achieved the perfect outcomes based mostly on frequent sense and purpose.”
Concerning the tariff negotiation outcomes, he defined, “Each governments confirmed that investments will proceed inside a variety that our economic system can sufficiently bear and solely in tasks with business viability, thereby clearly dispelling considerations from some quarters that de facto grants disguised as investments is perhaps made in tasks the place principal restoration is tough.”
He added, “The 2 nations will construct a cooperative partnership of a special dimension from earlier than, spanning from conventional strategic industries resembling shipbuilding and nuclear energy to future cutting-edge industries together with synthetic intelligence and semiconductors.”
Regarding safety discussions, he acknowledged, “By means of these negotiations, each Korea and the U.S. have agreed to pursue the development of nuclear-powered submarines, that are important strategic property for peace and stability on the Korean Peninsula and have been Korea’s decades-long aspiration.”
He continued, “We additionally succeeded in securing U.S. authorities help for expanded authority in uranium enrichment and spent nuclear gasoline reprocessing,” and “We agreed to hunt institutional enhancements that may enable not solely U.S. service provider vessels however even U.S. Navy ship development to proceed throughout the Republic of Korea.”
Moreover, he conveyed, “We reaffirmed america’ agency dedication to the continued stationing of U.S. Forces Korea and prolonged deterrence,” and “We declared our proactive will for Korean Peninsula protection via strengthened protection capabilities and OPCON switch, and america strongly expressed its will to help and help this.”
Lee attributed significance to the most recent settlement by saying, “With this, the Korea-U.S. alliance has developed and deepened into a very future-oriented strategic complete alliance encompassing safety, economic system, and cutting-edge know-how,” and “The door to a Korea-U.S. alliance renaissance the place each nations win collectively has opened large.”
He additionally acknowledged, “Simply pretty much as good competitors requires glorious companions, President Trump’s rational choices performed a significant position in deriving significant negotiation outcomes,” and “I convey phrases of gratitude and respect for President Trump’s braveness.”
Nevertheless, Lee talked about, “Though the Korea-U.S. commerce and safety consultations have been concluded, that is only the start. The conflict with out gunfire amongst nations to guard their nationwide pursuits continues, and worldwide uncertainties is not going to be resolved within the brief time period,” and “The extra that is the case, the extra we should construct nationwide energy, shield nationwide pursuits, and enhance individuals’s lives based mostly on the daring braveness, meticulous preparation, and unified energy we demonstrated throughout this negotiation course of.”
He continued, “At occasions like these, we should deepen relationships with allies and pleasant nations and develop diplomatic horizons based mostly on nationwide interest-centered sensible diplomacy,” emphasizing, “Within the worldwide group, there are neither everlasting enemies nor everlasting mates. Solely nationwide pursuits are everlasting.”
Lee introduced that he would depart for South Africa subsequent week to attend the Group of 20 (G20) summit, promising, “I’ll extra actively create an surroundings the place residents and companies can function abroad with confidence. I’ll pour all authorities capabilities into bettering individuals’s lives and pioneering a greater future.”
