U.S. Hopes to Make Korea FTA Breakthrough in Coming Weeks
The American Chamber of Commerce in Korea (AMCHAM Korea) reports that South Korean Trade Minister Kim Jong-hoon has announced that the U.S. strongly wishes to reach a settlement on the pending free trade pact between the two countries sometime within…
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the next several weeks. The two sides failed to make a breakthrough during talks last week largely due to the widely differing views on automobiles. Seoul's trade negotiator said they will continue talks to secure an acceptable deal for both countries taking into account the strategic importance of the trade pact. However, specific dates have yet to be set for the upcoming dialogue.