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U.S. and S. Korea fail to resolve free-trade pact
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| Contributor | Jason |
| Last Edited | Jason Nov 13, 2010 12:08am |
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| Category | General |
| News Date | Thursday, November 11, 2010 10:35:00 AM UTC0:0 |
| Description | SEOUL, South Korea — The United States and South Korea failed on Thursday to revive a stalled free trade agreement, dealing a blow to both countries' leaders and putting a brake on bilateral trade.
President Barack Obama and South Korea's Lee Myung-bak said negotiators would continue talks to address U.S. concerns that the deal does not do enough to open South Korean markets to U.S. beef and autos.
"We agreed that more time is needed to resolve detailed issues and asked trade ministers to reach a mutually acceptable deal as soon as possible," Lee told a joint news conference with Obama on the sidelines of a G-20 summit. |
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