South Korea, the United States, and other key partners have agreed to adopt the “Pax Silica” declaration. The development will see the countries involved collaborate to build a trusted supply chain ecosystem for AI, critical minerals, and other areas. The collaboration comes as the United States continues to seek an edge over China in the growing artificial intelligence sector. According to reports, a total of seven countries are in the collective, including Australia, Japan, Britain, Singapore, and Israel. The declaration was signed under the initiative, led by the United States, to forge a coalition among US allies and partners when they attended the inaugural Pax Silica summit in Washington. South Korea joins other partners to sign the Pax Silica declaration Pax Silica was drawn from the Latin word, which means peace, stability, and long-term prosperity, while silica refers to the compound refined into silicon, a chemical element that is important in the making of computer chips that enable the creation of artificial intelligence, the statement from the State Department read. The declaration also comes as President Donald Trump and his administration continue to make moves to solidify America’s lead in the AI industry. The declaration ensures that supply chains are stable, a means by which critical minerals can be moved, countering China’s control over those strategically vital resources amid an intensifying rivalry between the two superpowers. South Korea was represented by Second Vice Foreign Minister Kim Jina at the summit. Although the Netherlands and the United Arab Emirates participated in the summit, they did not join the declaration. According to a release by South Korea’s Foreign Ministry, the declaration stressed that AI is a transformative force for countries’ long-term prosperity and that trustworthy systems are important to safeguard mutual security and prosperity. It noted several areas of collaboration, including frontier foundation models, software applications and platforms, network infrastructure, minerals refining and processing, energy, transportation logistics, and information connectivity. Pax Silica initiative to foster collaboration The declaration also highlighted the importance of fair market practices and joint efforts against market distortions, though it refused to name-drop any country. “We believe that true economic security requires reducing excessive dependencies and forging new connections with reliable partners and suppliers committed to fair market practices. We will endeavor to provide access to trusted partners to the full stack of technological advancements that are shaping the AI economy,” the declaration read. It added that coordination is essential to protect private investment, noting that there is an important need to address non-market practices that undermine innovation and fair competition. This way, the market can be protected from overcapacity and unfair dumping practices to preserve a level playing field for innovation and growth. In addition, it mentioned the need for cooperation on policy efforts to protect sensitive technologies and critical infrastructure. The declaration also highlighted that South Korea and other countries involved would build trusted information networks, including information and communication technology systems, fiber-optic cables, and data centers. During the summit, South Korea’s vice foreign minister drummed up the need for cooperation across the global AI supply chain, including energy, minerals, AI infrastructure, transportation, and other aspects. She added that Korea is determined to help promote supply chain stability by using the strength of Korean companies in batteries, semiconductors, energy, and other fields. The Pax Silica initiative comes amid the growing concerns over China’s control of critical minerals, including rare earth elements that are important in the manufacturing of military and electronic equipment. Join Bybit now and claim a $50 bonus in minutes
