BREAKING: U.S. and South Korean Business Groups Urge Trade and 5G Cooperation Between Their Governments
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.
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