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Tuesday, January 9, 2018

US-South Korea Initial Talks On Potential Trade Deal Updates

U.S. and South Korean officials focused on their main areas of interest in the initial talks held January 5, with the U.S. emphasizing trade in automobiles and what it considers various barriers to exports, U.S. negotiators said. South Korea said the two sides discussed "sensitive issues," including investor state dispute settlement and trade remedies, according to a South Korean media report.
“We have much work to do to reach an agreement that serves the economic interests of the American people,” U.S. Trade Representative (USTR) Robert Lighthizer said in a statement after the meeting. Over a series of meetings in the coming months, American negotiators hope to further open Korean markets to American cars and to smooth irritants in the trading relationship.