S.korean Trade Representative To Discuss Us Steel Tariffs And Supply Chain

S.Korean trade representative to discuss US steel tariffs and supply chain

Seoul, December 12, 2012 : .The Trade Ministry announced on Sunday that Jeong Daejin, South Korean Deputy Trade Secretary, will be visiting the United States this week to discuss supply chain issues and tariffs.
According to the Ministry of Trade, Industry and Energy, Jeong will meet with representatives of the White House, Commerce Department, US Trade Representative office, Congress and other think tanks during the three-day visit that begins Monday.This is to increase cooperation in a variety of bilateral issues and trade, including industry and commercial.

 S.korean Trade Representative To Discuss Us Steel Tariffs And Supply Chain-TeluguStop.com

According to Yonhap News Agency, the meetings will focus on following-up actions on the creation of new dialogue channels.The two sides had agreed to establish a channel for jointly addressing supply chain issues and new technology challenges last month.

The table also includes tariffs for South Korea’s aluminium and steel exports.

After Washington lifted tariffs on European steel imports and aluminum from the United States in October, the Seoul government sought to negotiate with the US regarding the Section 232 tariff rules.

In 2018, the US waived the tariffs on South Korean products, but it was in return for a yearly import quota of 2.63 million tonnes of steel, or 70 per cent of Seoul’s average steel products export volume over the past three years.

Jeong will also have discussions on the US’ plan to launch a new economic framework in the Indo-Pacific region and steel tariffs, according to the Ministry.

Washington has said that it is looking to form a fresh economic framework in the region, rather than joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).


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