S.Korea trade minister says no agreement at talks with US on FTA

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Reuters | Tuesday, 22 August 2017

S.Korea trade minister says no agreement at talks with U.S. on FTA

by Reuters

SEOUL, Aug 22 (Reuters) — South Korea’s trade minister said on Tuesday at the conclusion of trade talks with the United States that the two sides failed to reach agreement on how to move forward on discussions over the possibility of amending the five-year-old free trade deal.

"We have found the two sides have different views on the free trade agreement and have not reached any agreement," Minister Kim Hyun-chong told a news conference.

Kim also said South Korea presented the argument that the U.S. trade deficit with South Korea was not the result of the bilateral trade deal and proposed a joint study on the effects of the bilateral agreement.

(Reporting by Jane Chung; Editing by Jack Kim and Jacqueline Wong)

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source: Reuters