US, South Korean changes to free trade agreement, negotiations will be held in January

The talks between US and South Korea are likely to be held on January 5 next year

The talks between US and South Korea are likely to be held on January 5 next year

Washington … News Time

Talks on proposed amendments in the Free Trade Agreement between US and South Korea will be in Washington next week. The talks between the two countries are likely to be held on January 5 next year. After the administration of the Donald Trump in power, announced in July this year, in 2012, US commercial interest in the free trade agreement between the US and South Korea has been affected, so it needs to be revised. Earlier this year, between the US and South Korea business officials, in August this year Seoul was negotiated in Washington in October. US $ 42.3 billion in South Korea in 2016 according to Robert Lighthizer, Commercial Affairs Office representative. However, before the trade agreement, its volume in 2011 was $ 43.5 billion, with a decline rate of 2.7 percent. In the same period, US $ 20 billion has been imported from South Korea, which has increased US trade deficit from $ 13.2 billion to $ 27.6 billion.

Advertisement

No comments.

Leave a Reply