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.
Trade Minister Kim Hyun-chong also said, without elaborating, that Washington focused on eliminating non-tariff barriers in the auto sector during the first round of talks on Friday in Washington.
"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.
He expected the President Donald Trump's administration 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 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)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
