US to revise trade deal with S Korea
Seoul, June 17:
The United States wants to revise a hard-won free trade agreement with South Korea to reflect new US trade policy guidelines, the foreign ministry here said Sunday.
The US Trade Representative office presented a revised pact which had April’s original agreement partly modified, added or deleted.
US trade negotiator Wendy Cutler visits Seoul from June 21-22 to explain those changes in the sectors of labor, environment, pharmaceuticals, national security, government procurement, harbour safety and investment, it said.
“The government will decide on how to respond after scrutinising the US proposal,” it said. The US measure has been expected since May, when Congress and the White House agreed to a bi-partisan deal that sets social and environmental standards for free trade agreements.