South Korea and the United States have agreed to swiftly conclude the adoption of a Security of Supply Arrangement (SOSA) once related administrative procedures are complete.
Seoul’s Defense Acquisition Program Administration said Monday that its minister, Eom Dong-hwan, and US Under Secretary of Defense for Acquisition and Sustainment William LaPlante reached the agreement in a meeting of the Defense Technology and Industrial Cooperation Committee (DTICC) last Friday.
The DTICC is one of the subcommittees of the Security Consultative Meeting, the annual ministerial defense dialogue between Seoul and Washington.
A SOSA is an agreement between the Pentagon and allied countries that establishes a framework for the US to receive and provide priority support for defense-related goods and services.
The two officials also discussed ways to pursue the adoption of a Reciprocal Defense Procurement Agreement as part of efforts to build a continuous cooperative structure by opening each others defense industry markets, according to (KBS World).
In May last year, South Korean President Yoon Suk Yeol and US President Joe Biden agreed to begin discussions on the agreement as part of efforts to strengthen cooperation in defense supply chains during their summit in Seoul.
Source: Qatar News Agency