S. Korean, US officials initiate talks on possible FTA agree...| MENAFN.COM

Saturday, 22 January 2022 08:07 GMT

S. Korean, US officials initiate talks on possible FTA agreement


(MENAFN) S. Korean and officials from the US are in talks to discuss the possibility of revising a five-year-old free trade agreement, as the US administration is seeking to follow through on Trump's pledge to cut deficits with trading partners.

Trump had branded that bilateral trade agreement with S. Korea a horrible deal and indicated he would renegotiate on terminate the accord.

Earlier in July, Washington had issued a request to organize a special session of the Joint Committee under the Korea-U.S. (KORUS) Free Trade Agreement to negotiate amendments to the trade pact.

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