First negotiations to amend South Korea-US FTA held in Washington
When they put into effect their trade pact in December 2015, South Korea and China had stipulated that they would launch the follow-up negotiations within two years.
The official declined to elaborate on what the sticking points could be, but noted that Washington is keen to reduce its trade deficit with Seoul, including in the auto sector.
Yoo Myung-hee, director-general of the South Korean trade ministry's trade policy bureau, leaves Incheon International Airport, South Korea, for Washington on January 4, 2018.
South Korea "responded actively" to the USA, while proposing its own changes to investor-state dispute settlement rules and trade remedies, the South Korean Ministry of Trade, Industry and Energy said in a statement, without giving details.
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The first round of negotiations to amend the South Korea-U.S. free trade agreement took place in Washington on Friday.
"We will move forward as expeditiously as possible to achieve this goal".
Although Trump has threatened to withdraw from KORUS, Lighthizer has said he would rather work on improving the deal. But South Korea's goods imports have risen at a faster pace than US exports, according to data from Lighthizer's office.
The US is South Korea's second-largest trading partner.
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