Following the signing of the revised bilateral free trade agreement with the U.S. last week, Korea's trade minister on Monday addressed some of the uncertainties regarding trade.
On the possible imposition of U.S. tariffs on imported steel and aluminum, as well as, automobiles... Kim Hyun-chong highlighted that the ministry is aiming to gain assurances from the U.S. to exempt Korea from the measure.
He explained the ministry's closely monitoring U.S. negotiation process with Japan, Canada, the European Union... as he sees their outcomes impacting the timing and severity of the tariff measure.
Kim adds the ministry is to submit the revised FTA to the National Assembly by Tuesday to initiate the ratification process.
