South Korea expects arms, shale gasoline on U.S. agenda in commerce talks

SEOUL (Reuters) – South Korea’s commerce minister Kim Hyun-chong stated on Friday america might demand that Seoul ensures it would step up arms purchases and imports of U.S. shale gasoline if the 2 international locations renegotiate a free commerce settlement.

The feedback, made on the parliament, got here as Seoul indicted final week that it was open to talks on amending the five-year-old bilateral deal, which U.S. President Donald Trump had threatened to terminate until it was renegotiated.

U.S. President Donald Trump stated in his tweet final month that he was permitting Japan and South Korea to purchase a considerably elevated quantity of extremely subtle navy tools from america, amid rising tensions with North Korea.

Final month, Seoul deployed the 4 remaining launchers of the U.S. anti-missile system designed to guard towards mounting threats from Pyongyang.

South Korea, the world’s second-biggest liquefied pure gasoline (LNG) importer after Japan, obtained its first LNG cargo underneath a 20-year provide cope with U.S. exporter Cheniere in early July by Korea Fuel Corp.

Requested about China’s commerce retaliation towards South Korea’s determination to deploy a U.S. anti-missile defence system, Kim stated Korea has not “deserted” an choice to file complaints to the World Commerce Group (WTO).

China had been taking punitive measures reminiscent of proscribing tourism with South Korea towards the deployment of the U.S. Terminal Excessive Altitude Space Defence (THAAD) system as Beijing worries the system can threaten its safety and undermine regional stability.

Reporting by Chang-ho Lee; Further reporting by Hyunjoo Jin; Writing by Jane Chung; Modifying by Simon Cameron-Moore

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