Canada, South Korea sign critical minerals deal, agree on youth mobility – National | 24CA News
Canada and South Korea have signed a memorandum of understanding on provide chains for essential minerals and the transition to wash vitality.
Prime Minister Justin Trudeau reached the settlement with South Korean President Yoon Suk Yeol throughout an official go to to Seoul Wednesday, the place in addition they introduced a brand new youth mobility association.
The Prime Minister’s Office says each nations can play a “leading role” as “reliable partners” on the subject of the provision chain for electrical automobiles and the essential minerals wanted to make their batteries.
The announcement comes as Canada’s federal authorities is in a dispute with automaker Stellantis, which has halted building on an electric-vehicle battery plan in Windsor, Ont., in partnership with South Korean battery-maker, LG Energy Solution.
Both nations have launched Indo-Pacific methods inside the previous yr, which offer highway maps for strengthening navy and financial relationships within the area to counterbalance the affect of Beijing.
The new settlement on youth mobility, with an annual quota of 12,000 individuals, will present new alternatives for youth to work in each nations.
Trudeau addresses National Assembly
Trudeau mentioned authoritarianism is gaining floor in an handle to South Korean National Assembly Wednesday morning.
The prime minister is in Seoul for his first official go to to South Korea and as Canada vies to strengthen ties between the 2 nations, and turn into “the best of friends.”
In his handle, he says “antagonistic countries” are making the most of financial interdependence to their very own geopolitical benefit.
Trudeau’s go to to South Korea follows on commitments from each nations to strengthen financial and navy ties to counterbalance the affect of China.
Trudeau goes on to inform parliamentarians the “world is facing a moment of uncertainty” as nations get better from the COVID-19 pandemic, whereas financial anxiousness and local weather change add stress to individuals’s lives.
He argues Canada and South Korea will be companions in addressing local weather change, which he says can be a solution to safeguard towards geopolitical instability and construct extra resilient economies.
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