Korea & US to Hold Trade Meeting Early Next Week to Conclude FTA Talks
Korean Trade Representative Kim Jong-hoon and his US counterpart Ron Kirk are to hold a two-day trade ministers' meeting early next week to conclude talks over the ratification of the stalled trade pact between Korea and the United States.
The upcoming dialogue which comes ahead of a Seoul-Washington summit slated for the sidelines of the G20 meeting next Thursday are expected to clinch a final accord as both countries' leaders have pledged to complete discussions for the pact before the international event.
In Seoul this week Korea's Deputy Trade Minister Choi Seok-young and Assistant US Trade Representative Wendy Cutler held a two-day meeting starting Thursday in a bid to resolve outstanding issues and complete working-level discussions.
The two sides have struggled to narrow differences on an imbalance in the auto trade and restricted shipments of beef to Korea.
The US has more lenient emission rules and demanded that Korea ease environmental regulations for American cars and open up its market to American beef from cattle over 30 months old.
Yoo Ji-hae, Arirang News.
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