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The Federation of Korean Industries and the American Chamber of Commerce in Korea held the thirty fourth Korea-U.S. Enterprise Council assembly in Seoul on Oct. 20.
On the assembly, they mentioned the impression of the Inflation Discount Act and the CHIPS and Science Act on South Korean enterprises, energy-related cooperation, monetary stability in Northeast Asia, partnership enhancement in varied provide chains, and many others. Each side agreed on the precept that commerce restrictions and company rules contradictory to free commerce should be addressed directly.
They adopted a joint assertion stipulating that the U.S. Commerce Growth Act of 1962, the Inflation Discount Act and South Korea’s Critical Accidents Punishment Act ought to be improved, and each side will proceed to work collectively till the U.S. legal guidelines don’t discriminate in opposition to South Korean enterprises.
As well as, they known as for the U.S. and South Korean governments to make their foreign money swap settlement everlasting or take equal measures in order that the international trade market of South Korea can change into much more steady. They agreed on the truth that any instability within the South Korean financial system and monetary market is undesirable for safety in Northeast Asia.
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