U.S., South Korean business groups urge trade, 5G cooperation between their governments By Reuters

© Reuters. FILE PHOTO: American and South Korean flags at Yongin South Korea

WASHINGTON (Reuters) – U.S. and South Korean business groups on Wednesday called for the United States to eliminate President Donald Trump’s national security tariffs on steel, aluminum and other products, while promoting a global rules-based trading system and cooperating on 5G mobile and other technologies.

A joint statement, issued by the U.S.-Korea Business Council and the Federation of Korean Industries after an annual conference, said the groups urged the two governments to cooperate in developing 5G mobile networks, artificial intelligence and other emerging technologies along with their broader digital economies.

The two business councils, whose conference was organized by the U.S. Chamber of Commerce, said the regulatory approaches to emerging technologies should be coordinated and 5G should be deployed to promote industry leadership in standards, intellectual property and patents.

“We share the view that there is no place for untrusted, high-risk vendors in any part of 5G networks,” they said, also calling for their governments to work with other allies and partners to foster trust and improve security.

Their statement did not specifically mention Chinese telecom equipment vendors such as Huawei, which the Trump administration has sought to ban from the 5G networks of the United States and its allies.

On the coronavirus pandemic, the councils said their governments should work with the private sector to strengthen and diversify supply chains to deal with any future crises and to incorporate digital technologies into mitigation and containment strategies.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

{n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};
s.parentNode.insertBefore(t,s)}(window, document,’script’,
fbq(‘init’, ‘751110881643258’);
fbq(‘track’, ‘PageView’);

by : Reuters

Source link

Capital Media

Read Previous

Oil up Again, But US Covid Outbreak Weighs on 3-Day Rally By Investing.com

Read Next

L’Egypte et la Hongrie discutent de coopération dans les TIC