Saturday, September 06, 2008
   
 
  blogs  
 
yournews
   
America Decides
Video Finance Features Weather Travel Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Business News

 
 

South Korea may seek changes to US beef pact amid mad cow fears
Posted: 08 May 2008 1407 hrs

 
 
Photos  of

   
 


SEOUL : South Korea's government, under pressure from protesters fearful of mad cow disease, said Thursday it would demand changes to its US beef import agreement if other nations secure better health safeguards.

Prime Minister Han Seung-Soo, in a nationally televised press conference, also repeated government pledges to suspend imports if a new mad cow case emerges in the US.

The new government is facing an Internet-driven tide of public criticism that it is exposing Koreans to the risk of mad cow disease, following an agreement last month to open its market to most cuts of US beef.

Opening up the beef market is a key precondition for US legislative approval of a wider free trade agreement signed last year.

Seoul and Washington say US beef is totally safe. But thousands of people, many of them apparently responding to Internet scare campaigns and a recent TV current affairs programme, have staged candlelit protests against the imports.

"I feel so sorry for causing concern to people over the US beef imports," Han said.

"But, my fellow people, feel safe. Our government will protect people's health more than anything else, whatever the circumstances.

"If a new mad cow disease breaks out in the United States and endangers our people's health, we will suspend the imports."

Han said South Korea would closely monitor negotiations between the US and other countries on beef imports.

"We will demand revisions to the deal with the United States anytime, if new developments happen in US negotiations with other countries."

Under its agreement with Washington, Seoul cannot stop beef imports immediately any new mad cow case is discovered. It would have to wait until the World Organisation for Animal Health revises its position that US beef is safe.

Korean officials acknowledge that any immediate suspension could cause trade friction. But they argue they would have the right to act immediately under international trade rules on the grounds that there is a grave health risk.

Visiting US Deputy Secretary of State John Negroponte met Foreign Minister Yu Myung-Hwan Thursday and held talks on the issue.

"I asked for the US to play a role in calming the people's worries," Yu was quoted by Yonhap news agency as saying. "He said the US government will do everything possible."

Upon arrival Wednesday, Negroponte insisted that US beef is safe.

"We would hope that as you discuss this issue, the discussions be based on facts and not on imagined problems or allegations that do not have any scientific foundations," he told reporters.

South Korea was once the third-largest market for US beef, with imports worth 850 million dollars a year before a 2003 total ban over fears of mad cow disease.

It eased the ban in 2006 but admitted only limited cuts of beef. The latest deal, to go into force in mid-May, admits virtually all cuts of beef, except for what are known as specified risk materials.

- AFP/vm

 

 



Other business News
Boeing aircraft workers to strike after talks fail
US jobless rate jump sparks fresh recession fears
Wall Street bounces back from dismal jobs report
OECD reports weak economic indicators for G7
White House says no need for new economic booster
India's Tata Power buys 10% stake in Australia's Geodynamics
Nokia shares plunge after market share forecast cut
Bank denies Air France-KLM to take Alitalia stake
India's new central bank governor pledges to battle inflation
Asian stocks tumble on US economy fears
Dollar gains pared by weak employment report
Oil prices extend losses on weak economic outlook
Canon says to expand Taiwan camera lens factory
Chinese aluminium giant sets up mining unit in Tibet
Hyundai Motor workers vote to reject pay deal
Asia's Youngest Billionaires
China, regional nations plan shipping route
Taiwan president targets 6% growth by 2012
World Bank chief calls for reform in aid management to fight food crisis

 


Advertisements

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions