U.S. Secretary of Commerce: Hope to Quickly Reform the Negotiation of the FTA

According to Korean media reports, U.S. Department of Commerce Wilbur Rose said on the 12th that local and multilateral free trade agreements (FTAs) will change negotiations. He said he hopes that the negotiations will be held smoothly and smoothly and satisfactory results will be achieved.

It is reported that Rose made the above remark after giving a keynote speech on the same day at a seminar co-hosted by the Atlantic Council and the U.S. International Exchange Group, a well-known think tank in the United States.

Information Picture: US Secretary of Commerce Rose. (Source: Yonhap News) Information Photo: US Secretary of Commerce Rose. (Source: Yonhap News)
When talking about the negotiation schedule, Ross said it depends on the ROK side and has not yet started the negotiations and therefore can not predict when the negotiations will end. The United States hopes to start the talks promptly and smoothly.

Rose said the U.S. side believes the automobile industry is the most important area for the negotiation on the revision of the ROK-US FTA. Rose said that in the U.S.-Korean trade, the most important issue is the deficit in the U.S. auto industry. The regulations adopted by the ROK toward the U.S.-made cars exported to China are unreasonable.

On the point of view that the tug-of-war between South Korea and the United States around the free trade agreement will have a negative impact on the security cooperation in the two countries, Rose said security and trade are two different things and that the United States will contribute to solving the North Korean issue.

Add a Comment

Your email address will not be published. Required fields are marked *