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South Korea suggested the United States carry out a joint study on the economic impact of the Seoul-Washington free trade agreement before starting talks on its amendment, Seoul's trade ministry here said Tuesday.
"We are not going to dilute our high animal welfare standards or our high environmental standards in pursuit of any trade deal", the environment minister Michael Gove said after his trade counterpart Liam Fox was criticised for dismissing the issue
House of Lords report warns farmers will be pressured by imports from countries that use cheaper methods to produce food
The rice deal comes just a month after China reopened its market to US beef imports for the first time in more than a decade and is the latest in a flurry of trade negotiations between the nations. China is also approving more biotech products and increasing US natural gas imports.
The United States and China failed on Wednesday to agree on major new steps to reduce the US trade deficit with China, casting doubt over President Trump's economic and security relations with Beijing.
South Korea says it will not concede to any demand for an increase in rice imports from the US, and will try to reduce them, when talks begin regarding modifications to the Korea-US Free Trade Agreement.
Korea's President Moon Jae-in insists that Washington's request should be understood as "revision or modification," not a "renegotiation" of the agreement
Experts said the upcoming dialogue will be a good chance for negotiation on a Bilateral Investment Treaty (BIT).
The United States outlined a tough negotiating strategy for revising the 1994 North American Free Trade Agreement.
Released by the Office of the United States Trade Representative
