SKorea trade envoy hoping for deal with US by deadline
South Korea’s highest -level trade ambassador said it would be possible to make a “in principle çalış trade agreement with the US until August 1, but it is short to prepare a detailed package that requires exemption from punishing US tariffs.
Yonhap News Agency, last week with US officials with high-level talks with Trade Minister Yeo Han-Koo, last week, US officials said he had high-level talks.
“I believe that it is possible to reach an agreement in principle in the US tariff negotiations and then to negotiate more later,” Newsis News Agency said to local media reporters.
“Twenty days are not enough to find an excellent agreement with every detail.”
“We need to make a strategic decision in the agriculture and animal husbandry sectors, Yeo says Yeo, Yeo said, Yeo said that the addition of“ sensitive ”areas may need continuous protection, but some aspects can be considered as part of the general framework.
As a part of the trade talks, there was “important progress ında in the debate on cooperation with US officials in the key industry sectors, but Washington had to cut the industry -specific tariffs on automobiles and steel.
On Sunday, US President Donald Trump said to journalists that “South Korea wants to make an agreement right now ,, without explaining what to strengthen an agreement or speculate in a period of time to make negotiations.
South Korea is in the race to reach a reconciliation trade agreement with the hope of avoiding toughness of a 25 percent tariff from the exports made by Trump, which will be commissioned on August 1 after the late starting negotiations with a new President voted last month.
South Korean officials held meetings in Washington after Trump’s announcement and hoped to negotiate from import tasks on steel and cars.
In 2024, South Korea won a trading surplus of $ 55.6 billion (A84.6 billion) with an increase of 25 percent from 2023 to 2024.
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