Second Deputy Minister of Foreign Affairs offers solution to ‘discrimination on electric vehicles’

2nd Vice Foreign Minister Lee Do-hoon Meets with US Deputy Secretary of State for Economy, Jose Fernandez [외교부 제공]

Second Vice Minister of Foreign Affairs Do-hoon Lee met with Jose Fernandez, Deputy Secretary of State for Economic Affairs of the United States, in New York on the 20th local time to discuss ways to resolve discrimination against Korean electric vehicles caused by the Act Reducing US Inflation.

Vice Minister Lee offered various views in order to eliminate discriminatory factors for Korean companies when amending the electric vehicle tax credit in the Inflation Reduction Act.

The US State Department also said in a press release that Under Secretary Fernandez emphasized the promise of maintaining an open dialogue channel with South Korea on the issue of discrimination against Korean electric vehicles.

The government did not think that it would be easy to revise the Inflation Reduction Act, and decided to find a way to secure Korea’s interests as much as possible in the process of preparing sub-guidelines.

On the morning of the same day, Vice Minister Lee also met with the US Assistant Secretary of State for East Asia and the Pacific Daniel Crettenbrink, who said that Deputy Assistant Secretary Crettenbrink took South Korea’s concerns about the inflation reduction laws seriously and that the ROK- The US alliance and cooperation in the electric vehicle supply chain between the US and Korea was very important. The Ministry of Foreign Affairs said.

Vice Minister Lee plans to move to Washington and hold meetings with officials from the White House National Security Council, the National Economic Council and key figures in Congress.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.