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S. Korea, Canada call for strengthening bilateral ties

All News 18:00 March 22, 2019

SEJONG, March 22 (Yonhap) -- South Korea's top economic policymaker and Canada's new ambassador to Seoul on Friday called for the strengthening of bilateral ties on the international stage, such as in the Group of 20.

The understanding was reached in a meeting between Hong Nam-ki, the minister of economy and finance, and Michael Danagher in central Seoul, according to the ministry.

Hong Nam-ki (L), the minister of economy and finance, shakes hands with new Canadian ambassador to South Korea Michael Danagher at a government building in central Seoul on March 22, 2019. This photo was provided by the ministry. (Yonhap)

The G20 -- the premier forum for international economic cooperation -- is composed of Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, South Korea, South Africa, Russia, Saudi Arabia, Turkey, the United States and the European Union.

The G20 represents more than 80 percent of global economic output.

Hong and Danagher also called for efforts to further expand bilateral economic cooperation.

Trade volume between South Korea and Canada reached US$11.49 billion in 2018, compared with $8.6 billion in 2015.


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