Minister of International Trade and Industry, Datuk Seri Rafidah Aziz, said details of the free trade agreement (FTA) negotiation cannot be revealed because the talks are still on-going.
Automakers yesterday said they were hopeful a free trade agreement between South Korea and the US will prove a boon to their industry, but added they were taking a cautious approach until the deal gets final approval.
As official talks on a free trade agreement (FTA) between South Korea and the U.S. have been completed, attention is focused on possible trade negotiations between Korea and other nations, such as the European Union and China.
Lately, the US government's ability to use free trade agreements and trade preference bills as instruments of foreign and economic policy is dwindling.
Discouraged by the April 2 settlement of the US-Korea free trade agreement (FTA), a Korean farmer fired upon several others, killing one and injuring another two.
The Bush administration warned Wednesday it will not sign the free trade agreement (FTA) with South Korea unless the Asian trading partner fully reopens its beef market.