South Korea And Canada To Boost Economic Cooperation

The ranking of Agility is determined by four criteria: domestic opportunities, foreign possibilities, business foundations, and digital preparedness.

Several factors contribute to this reputation, including the country's strategic location, attractive investment policies, and the government's continual efforts to enhance infrastructure and streamline laws.

With a score of 6.03 out of 10, Vietnam leads South-East Asia and ranks fourth globally in terms of global opportunities. The country has reaped significant benefits from the "China plus" policy, as large global businesses seek to diversify their supply chains in order to lessen their dependency on the Chinese market.

Yoon said at a joint press conference that the two leaders also discussed regional security and criticised North Korea's banned nuclear programme, following another record-breaking year of missile launches by Pyongyang's Kim Jong Un.

According to a joint statement, Trudeau promised Seoul support in its efforts to "achieve a denuclearized, peaceful, unified, and prosperous Korean Peninsula," as well as increased security cooperation.

"This support includes augmentation of Canada's naval presence and participation in multinational operations in the region," it stated.

The two countries, which already have "deeply rooted people-to-people ties," also announced a new programme that will provide Korean and Canadian young people with "increased work and travel opportunities" in the other.

Earlier, Trudeau told South Korean MPs that the globe was in a state of unparalleled uncertainty, with the COVID-19 pandemic still wreaking havoc, rising living costs, and the "real and terrifying" repercussions of climate change and conflict.

"I'm come to tell you that being buddies is no longer enough. "We must be the best of friends," Trudeau remarked to Seoul's National Assembly.