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S.Korea sees speedy trade talks with U.S., but 'uphill battle' ahead

Reuters  |  OSONG, South Korea 

OSONG, (Reuters) - South Korea's trade ministry said on Monday it expects to proceed with talks to revise a bilateral trade deal in a speedy manner, although "an uphill battle" is expected as protectionism grows.

Trade also said, without elaborating, that focused on eliminating non-tariff barriers in the auto sector during the first round of talks on Friday in

"I expect an uphill battle for the talks. There are lots of work to do during a short period of time," the told reporters.

He expected the to step up protectionism moves to rally his domestic supporters this year.

But South Korea's trade ministry expected speedy trade talks for the deal, saying is not seeking to significantly change the terms of the agreement.

In April, U.S. told 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 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.)

First Published: Mon, January 08 2018. 13:51 IST