S Korea agrees to re-negotiate FTA with US
Afp, Seoul
South Korea Tuesday accepted a US demand that it re-negotiate a hard-won free trade deal to reflect Washington's new trade policy guidelines but vowed not to give anything away. The US side wants changes to the deal reached on April 2 after Congress and the White House agreed in May on a bipartisan accord that sets social and environmental standards for such agreements. "After reviewing ... the US proposal, the government decided to hold additional talks," the finance and economy ministry said in a statement. "The government will maintain the balance of the existing negotiation outcomes under whatever circumstances and actively explain new developments to people and parliament." Foreign Minister Song Min-Soon Tuesday warned that Seoul would hang tough.
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