The Prime Minister, Justin Trudeau, at the moment introduced that the President of South Korea, Yoon Suk Yeol, will go to Toronto and Ottawa, on September 22 and 23, 2022. This will likely be President Yoon’s first bilateral go to overseas since he was elected in March 2022.
Prime Minister Trudeau will meet with President Yoon whereas he’s in Ottawa to advance shared priorities and strengthen the sturdy commerce relationship between our two international locations to generate extra financial progress that advantages everybody. This consists of working much more intently collectively on vitality, together with electrical automobile batteries, crucial minerals, and rising applied sciences, in addition to securing provide chains to create good, well-paying center class jobs and help Canadian employees.
South Korea is a key international companion for Canada, specifically within the Indo-Pacific area in the case of many points, notably regional and international safety. Throughout their time collectively, the 2 leaders may even discover methods Canada and South Korea can proceed to work collectively on regional safety points on the Korean Peninsula, together with by way of Operation NEON, which screens and deters North Korean maritime actions. They may even proceed to sentence Russia’s unlawful and unjustifiable invasion of Ukraine, work collectively to help the Ukrainian folks, and reaffirm their dedication to upholding the rule of legislation.
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“Canada and South Korea get pleasure from a robust relationship, primarily based on our shared democratic values, in depth commerce and overseas funding, and powerful people-to-people ties. I look ahead to welcoming President Yoon to Canada and deepening the relations between our two international locations, working much more intently collectively to drive financial progress that advantages everybody, and delivering outcomes for center class Canadians and South Koreans.”
Fast Details
- South Korea is Canada’s seventh largest buying and selling companion, the seventh largest merchandise export market, and the sixth largest supply of merchandise imports.
- Canada-South Korea two-way merchandise commerce is strong, and reached $16.7 billion in 2021. In the identical 12 months, Canada exported $6.3 billion of merchandise to Korea, consisting primarily of mineral ores, mineral fuels and oils, valuable stones and metals, wooden pulp, and meat.
- Subsequent 12 months, Canada and South Korea will rejoice 60 years of diplomatic relations.
- Canada and South Korea established a bilateral “Strategic Partnership” in 2014 which led to the implementation of the Canada-Korea Free Commerce Settlement in 2015, Canada’s first and solely commerce settlement within the Indo-Pacific area.
- Over 200,000 Canadians determine themselves as being of Korean origin. Over 27,000 Canadians at the moment reside in South Korea, together with about 3,200 English language academics. There are roughly 3,000 Korean-born adoptees in Canada.
