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THE INVESTOR

Economy

US to continue FTA deal with Korea

  • PUBLISHED :September 07, 2017 - 13:19
  • UPDATED :September 07, 2017 - 13:19
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[THE INVESTOR] The US does not plan to withdraw from its free trade agreement with Korea for now, a report quoted sources as saying on Sept. 7.

According to Inside US Trade, the White House assured key lawmakers that it would not push forward on its earlier plan to weigh termination of the five-year-old pact.

Last week, there were reports that President Donald Trump had instructed advisers to prepare for a withdrawal after the first Korea-US meeting in August that discussed possible amendments to the deal did not go well.

Trump reportedly planned to meet with his advisers this week to further discuss the issue.

“The plan to terminate the agreement had been discussed with several Capitol Hill offices including that of House Speaker Paul Ryan, who was one of the lawmakers informed that the administration had decided not to withdraw,” the publication quoted the sources as saying.

By Alex Lee and newswires (alexlee@heraldcorp.com)
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