South Korea’s Trade Chief Urges U.S. Trade Representative to Honor 15% Tariff Agreement

Park Jeong-seong, South Korea’s Trade Minister for Trade Negotiations at the Ministry of Trade, Industry and Energy, has formally requested that the United States honor the “15% tariff agreement” between the two countries. The move reaffirms Seoul’s commitment to ensuring implementation of the investment and tariff reduction package the two sides pledged in November last year. According to the Ministry of Trade, Industry and Energy, Park attended the G20 Trade Ministers’ Meeting held in Milwaukee, Wisconsin, from the 30th of last month through the 1st. During the meeting, he held a separate bilateral session with Jamieson Greer, the U.S. Trade…