Cutler Reports ‘Substantial Progress’ In U.S.-Korea Trade Talks
Assistant U.S. Trade Representative Wendy Cutler told reporters that though a seventh round of free trade discussions between U.S. and South Korean negotiators this week didn’t lead to any breakthroughs, it did generate optimism.
“I don’t underestimate the challenges facing us,” she said, “but the prospects are good, and we made substantial progress this week.”
Negotiators are slated to huddle for an eighth round in Seoul the week of March 5.
The two countries reached their first formal accord this week on the issue of tariffs on digital songs and movies, but didn’t resolve more sensitive issues involving automobiles and pharmaceuticals.