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Trump Trade War - South Korea may be exempted – Minister

Steel News - Published on Tue, 20 Mar 2018

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Donga reported that South Korea’s Trade, Industry and Energy Minister Paik Un-gyu said that there would be a good result within this week if we wait for the outcomes of negotiations, raising hope for the country’s possible exemption from Donald Trump’s tariff on imported steel and aluminum. He told reporters “We are working hard to get an exemption.”

Chances are high that steel tariff exemption will be intertwined with the negotiations for the revision of the bilateral free trade agreement. South Korea’s Trade Ministry said that the two sides have made substantial progress on key issues through intensive discussions in the third round of talks to revise the trade agreement last week in Washington, adding that the negotiation for the steel tariffs are underway simultaneously.

The South Korean government plans to make an all-out effort to be excluded from the tariffs before they take effect. South Korean Trade Minister Kim Hyun-chong and trade officials have been in Washington for the tariff negotiations after the third round of talks for FTA revision finished.

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Posted By : Amom Remju on Tue, 20 Mar 2018
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