April 26, 2024
Economy
Korea, US hold follow-up meeting on FTA
[THE INVESTOR] South Korea and the United States held a follow-up meeting on the bilateral free trade pact, the Trade Ministry said on Jan. 13.
Deputy Trade Minister Lee In-ho and his U.S. counterpart Michael Beeman convened the fourth round of talks under the Korea-US free trade agreement joint committee in Seoul on Jan. 12 to review the implementation of the accord and discuss pending trade issues between the two countries, according to the ministry.
The meeting has taken place on a regular basis since 2012 when the trade pact took effect. The latest was held just a week before the inauguration of the Trump administration, which is likely inclined to promote trade protectionism rather than free trade.
The trade ministry said the two parties did not mention any possibility of renegotiations and the joint committee meetings will be held as usual.
Instead, they agreed to make constant efforts to help the KORUS FTA play an effective role in increasing bilateral trade and investment and creating more jobs in both countries, added the ministry.
(theinvestor@heraldcorp.com)
Deputy Trade Minister Lee In-ho and his U.S. counterpart Michael Beeman convened the fourth round of talks under the Korea-US free trade agreement joint committee in Seoul on Jan. 12 to review the implementation of the accord and discuss pending trade issues between the two countries, according to the ministry.
The meeting has taken place on a regular basis since 2012 when the trade pact took effect. The latest was held just a week before the inauguration of the Trump administration, which is likely inclined to promote trade protectionism rather than free trade.
The trade ministry said the two parties did not mention any possibility of renegotiations and the joint committee meetings will be held as usual.
Instead, they agreed to make constant efforts to help the KORUS FTA play an effective role in increasing bilateral trade and investment and creating more jobs in both countries, added the ministry.
(theinvestor@heraldcorp.com)
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