The Office of the Trade Negotiations of the Ministry of Trade, Industry and Energy will discuss specific implementation plans for negotiations in the Korea-U.S. trade sector with the Office of the United States Trade Representative (USTR) next month.
The Ministry of Trade, Industry and Energy said on the 17th that it will hold the 51st Trade Promotion Committee meeting at the Korea Chamber of Commerce and Industry in Seoul, Seoul, presided over by Deputy Minister Yeo Han-koo, head of the Office of the Trade Negotiations.
The meeting will be held to discuss follow-up implementation plans for trade-related agreements included in the fact sheet (joint explanatory material) from the Korea-U.S. summit released on the 14th.
The joint explanatory material included content on non-tariff barriers and economic security cooperation, such as automobiles, agricultural products, digital, competition, intellectual property rights, labor, and environment. At this meeting, the agreed items included in the joint explanatory material were shared among relevant ministries, and ministry-specific follow-up needs were reviewed.
Based on this, the Office of the Trade Negotiations plans to hold the Korea-U.S. Free Trade Agreement (FTA) Joint Committee with the Office of the United States Trade Representative (USTR) next month to discuss specific implementation plans.
The Deputy Minister said, "As the tariff negotiations have been finally concluded after a protracted negotiating process, it is important to make thorough follow-up efforts on non-tariff areas to manage the Korea-U.S. trade environment in a stable manner."