South Korea to start talks on joining US-led trade pact

November 30, 2013 

South Korea said Friday that it will start negotiations to join a U.S.-led trade pact covering a dozen Pacific and Asian nations. The finance ministry said in a statement that officials will explore the possibility of joining the Trans-Pacific Partnership through the preliminary negotiations.

Export-reliant South Korea has free trade deals with the U.S. and the European Union. It is negotiating a free trade deal with China, which is not part of the U.S.-led pact.

The Trans-Pacific Partnership is not in effect yet, but the U.S. and other countries hope for an agreement by the end of this year. Apart from reducing trade barriers, the pact also requires its members to meet environmental, labor and intellectual property standards.

The News Tribune is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service