South Korea says after U.S. talks recognises need to amend trade pact
Reuters
Published Oct 04, 2017 23:32
South Korea says after U.S. talks recognises need to amend trade pact
WASHINGTON (Reuters) - South Korea indicated on Wednesday it was open to amending a free trade pact with the United States after initial differences over how to revise the 2012 agreement, which U.S. President Donald Trump called "a horrible deal."
After a day of talks in Washington, South Korea's trade ministry said in a statement "the two sides recognised the need to amend the FTA to enhance mutual benefits of the KORUS FTA."
The U.S. trade representative, Robert Lighthizer, said the United States looked forward to stepped-up talks "to resolve outstanding implementation issues as well as to engage soon on amendments that will lead to fair, reciprocal trade."
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Written By: Reuters
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