Government Discusses Thorough Management of Trade Issues with the US in Preparation for Trump Administration

On November 11th at 8:00 AM, Jeong In-gyo, Director General for Trade Negotiations of the Ministry of Trade, Industry and Energy (Minister Ahn Deok-geun), held the 41st “Trade Promotion Committee” with related ministries at the Conrad Hotel in Yeongdeungpo-gu, Seoul, to discuss “Current Status of Trade Issues with the U.S. and Future Response Measures.”

This meeting sought ways to stably manage pending trade issues between Korea and the U.S. that have been discussed so far in preparation for changes in U.S. trade policy following the election of President Trump.

In his opening remarks, Jeong In-gyo, head of the Korea-U.S. Trade Negotiation Headquarters, emphasized, “It is still difficult to predict the specific policies of the new Trump administration, but in order to stably manage Korea-U.S. trade relations, it is important to thoroughly review the pending trade issues discussed between the two sides so far and seek response measures,” and asked for cooperation from the relevant ministries for this purpose.

He also said, “As the current Korea-U.S. trade issues have been managed relatively stably, we will continue to respond closely at the government level to ease uncertainty for our companies and ensure that a mutually beneficial Korea-U.S. trade relationship continues.”

The Ministry of Trade, Industry and Energy plans to respond thoroughly and calmly to ensure that pending trade issues between Korea and the U.S. do not become issues during the transition period to the new Trump administration.

Editor. Hong Se-yeong