ALSO READSolid growth seen for South Korea December exports, aided by memory chips: Reuters poll Exclusive: South Korea to consider steps to boost outflows if won rally continues - sources Exclusive: South Korea to look at boosting outflows if won rally continues - sources South Korea December exports climb for 14th month, wrap up record 2017 N.Korea reopens communication channel with S.Korea
OSONG, South Korea (Reuters) - South Korea's trade ministry said on Monday it expects Washington to proceed with talks to revise a bilateral trade deal in a speedy manner, although "an uphill battle" is expected as protectionism grows.
"I expect an uphill battle for the talks. There are lots of work to do during a short period of time," the minister told reporters.
But South Korea's trade ministry expected speedy trade talks for the deal, saying Washington is not seeking to significantly change the terms of the agreement.
In April, U.
S. President Donald Trump told Reuters that he will either renegotiate or terminate what he called a "horrible" trade deal with South Korea, which has doubled the U. S. goods trade deficit with South Korea since its implementation in March 2012.
(Reporting by Hyunjoo Jin; Editing by Richard Borsuk)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)