KOREA REFUSES TO RENEGOTIATE BEEF TRADE TERMS
Nov 11, 2008
Less than a week after the U.S. elections, South Korea is taking preemptive steps to stop any possibility of renegotiating the terms of the free trade agreement, including beef trade between the two countries. During the campaign, Obama said he wants to renegotiate the pact to strengthen "badly flawed" agricultural and manufacturing provisions that he said failed to adequately open South Korea's market to U.S. exports. The pact includes provisions specific to beef and auto trade. "There will be no renegotiation, and our stance will be maintained," Agence France-Presse reported South Korean Trade Minister Kim Jong-Hoon as saying.