China-South Korea Economic and Trade Joint Committee Meeting Reaffirms Strengthening Stability of Rare Earth and Critical Mineral Supply Chains
The China-South Korea Economic and Trade Joint Committee meeting in Beijing saw both nations agree to strengthen trade, investment, and especially the stability of critical mineral supply chains, including rare earths. Progress on FTA negotiations was also noted.
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- 📰 Published: April 21, 2026 at 20:21
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Central News Agency (Taipei, April 21st) - According to reports from Chinese and South Korean media today, the 29th China-South Korea Economic and Trade Joint Committee meeting was held in Beijing yesterday. Both sides exchanged views on issues such as trade and investment, and supply chain stability. South Korean media reported that both sides reaffirmed the need to strengthen the stable management of supply chains for key areas like critical minerals, rare earths, and decided to maintain close communication through relevant mechanisms.
Yonhap News Agency reported that the South Korean Ministry of Foreign Affairs stated today that the meeting was co-chaired by South Korean Vice Foreign Minister Kim Jin and Chinese Vice Minister of Commerce Yan Dong. Both sides exchanged views on trade and investment, supply chain stability, regional multilateral cooperation, and discussed the current status and future direction of economic and trade cooperation between the two countries.
According to reports, both South Korea and China agreed that amid increasing global uncertainties, they should jointly promote bilateral trade and investment development to support the economic growth of both nations. To expand two-way investment, it is necessary for both sides to create a stable and predictable business environment.
The report mentioned that both sides assessed the progress of negotiations on services and investment under the China-South Korea Free Trade Agreement (FTA) and reached a consensus on forming "negotiation outcomes that genuinely benefit businesses." They also exchanged views on the difficulties faced by companies in both countries and related suggestions, agreeing to further deepen mutually beneficial cooperation and promote continuous development of cooperation.
According to reports, both South Korea and China reaffirmed the need to strengthen the stable management of supply chains for key areas such as critical minerals, rare earths, and urea, and decided to maintain close communication through relevant mechanisms including the Economic and Trade Joint Committee.
According to CCTV News, Chinese officials stated at the meeting that China is willing to work with South Korea to implement the consensus of the leaders of the two countries, accelerate the second phase of China-South Korea FTA negotiations, formulate the "China-South Korea Economic and Trade Cooperation Joint Plan (2026-2030)," expand cooperation in bilateral trade and investment, strengthen communication and coordination under regional and multilateral frameworks such as the World Trade Organization (WTO) and Asia-Pacific Economic Cooperation (APEC), and push China-South Korea economic and trade cooperation to a "new level."
The report cited South Korean officials as saying that South Korea and China are important economic and trade partners. South Korea is willing to work with China to implement the important consensus of the leaders of the two countries, continuously deepen economic and trade cooperation in various bilateral and multilateral fields, and maintain the stability and smooth flow of industrial and supply chains. (Edited by Chiu Kuo-chiang/Yang Sheng-ju) 1150421
Yonhap News Agency reported that the South Korean Ministry of Foreign Affairs stated today that the meeting was co-chaired by South Korean Vice Foreign Minister Kim Jin and Chinese Vice Minister of Commerce Yan Dong. Both sides exchanged views on trade and investment, supply chain stability, regional multilateral cooperation, and discussed the current status and future direction of economic and trade cooperation between the two countries.
According to reports, both South Korea and China agreed that amid increasing global uncertainties, they should jointly promote bilateral trade and investment development to support the economic growth of both nations. To expand two-way investment, it is necessary for both sides to create a stable and predictable business environment.
The report mentioned that both sides assessed the progress of negotiations on services and investment under the China-South Korea Free Trade Agreement (FTA) and reached a consensus on forming "negotiation outcomes that genuinely benefit businesses." They also exchanged views on the difficulties faced by companies in both countries and related suggestions, agreeing to further deepen mutually beneficial cooperation and promote continuous development of cooperation.
According to reports, both South Korea and China reaffirmed the need to strengthen the stable management of supply chains for key areas such as critical minerals, rare earths, and urea, and decided to maintain close communication through relevant mechanisms including the Economic and Trade Joint Committee.
According to CCTV News, Chinese officials stated at the meeting that China is willing to work with South Korea to implement the consensus of the leaders of the two countries, accelerate the second phase of China-South Korea FTA negotiations, formulate the "China-South Korea Economic and Trade Cooperation Joint Plan (2026-2030)," expand cooperation in bilateral trade and investment, strengthen communication and coordination under regional and multilateral frameworks such as the World Trade Organization (WTO) and Asia-Pacific Economic Cooperation (APEC), and push China-South Korea economic and trade cooperation to a "new level."
The report cited South Korean officials as saying that South Korea and China are important economic and trade partners. South Korea is willing to work with China to implement the important consensus of the leaders of the two countries, continuously deepen economic and trade cooperation in various bilateral and multilateral fields, and maintain the stability and smooth flow of industrial and supply chains. (Edited by Chiu Kuo-chiang/Yang Sheng-ju) 1150421