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South Korea accepts U.S. call for special session on trade

Staff Writer |
South Korea's newly appointed trade minister on Monday accepted the U.S. counterpart's request to convene a special session of the joint committee on the U.S.-South Korea free trade agreement (FTA).

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Minister of Trade, Industry and Energy Paik Ungyu, who became the first minister for trade under the Moon Jae-in government, replied to a letter sent on July 12 by U.S. Trade Representative (USTR) Robert Lighthizer to negotiate on the amendment or modification of the bilateral free trade pact that came into force in 2012.

According to the reply letter unveiled by the South Korean ministry, Paik said his country agreed to hold the special session, requested by the U.S. side, in accordance with due procedures.

Paik, however, suggested that the special session would be held after the new government's reorganizing process is finalized, saying the Moon government, which was inaugurated on May 10, should establish a trade office inside the ministry and appoint a new minister for the trade office who would become the co-chair of the joint committee on the South Korean side.

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