South Korean President Lee Jae Myung and French President Emmanuel Macron have agreed to collaborate on ensuring safe passage through the Strait of Hormuz and addressing the broader impacts of the Middle East conflict. This decision follows their discussions on strengthening economic ties and enhancing security coordination during a summit meeting.
President Lee emphasized the importance of sharing policy experiences and strategies with President Macron to collectively tackle economic and energy challenges arising from the Middle East conflict. They also committed to working together to reduce global economic uncertainties and enhance energy security by expanding cooperation in nuclear and offshore wind power sectors.
Furthermore, the two leaders pledged to increase bilateral trade to $20 billion annually by 2030, up from $15 billion in the previous year. To achieve this goal, they signed various memorandums of understanding across sectors and agreed to deepen cooperation in advanced technologies such as artificial intelligence, semiconductors, and quantum technology.
President Macron highlighted the necessity for France and South Korea to cooperate internationally in reopening the Strait of Hormuz and de-escalating conflicts in the Middle East. Both leaders expressed their commitment to boosting trade, investment, and technological collaboration, aiming to strengthen their partnership across multiple industries and strategic areas.
