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US-Japan-South Korea pact: Time to defog issues of economic security

Lack of clarity in industrial policy measures needs to be dealt with just as much as cooperation on defence matters.

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(From left) South Korean President Yoon Suk-yeol, US President Joe Biden and Japanese Prime Minister Fumio Kishida at their trilateral summit in Camp David.

(From left) South Korean President Yoon Suk-yeol, US President Joe Biden and Japanese Prime Minister Fumio Kishida at their trilateral summit in Camp David.

PHOTO: EPA-EFE

Jaemin Lee

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Earlier this month,

leaders at the Camp David summit

jointly hailed the opening of “a new era of trilateral partnership”. 

While much of the attention has focused on security issues such as North Korean nuclear threats and

tension in the Taiwan Strait,

the three leaders – United States President Joe Biden, South Korea’s Yoon Suk-yeol and Japan’s Fumio Kishida – also took an important step forward in the economic sector.

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