blogs  
 
yournews
   
 
Video Photos Finance Travel Weather Discussion TV Shows
| |
 
  Home ›
 
Business News

 

US, SKorea "close" to beef deal
Posted: 20 June 2008 0836 hrs

  South Korean protesters wave candles during a candlelit vigil against US beef imports
 
Photos  of

   
 
Related News
South Korea's Lee apologises over beef row, seeks US safeguards
US, SKorea meet again on troubled beef deal
US, South Korean beef trade talks resume
SKorea's militant unions threaten strike over beef
South Korea, US try to salvage talks over beef imports
SKorean-US beef talks end without agreement


WASHINGTON: The United States and South Korea were "close" to reaching a "path forward" in their effort to salvage a controversial US beef import deal after days of talks, a US trade spokeswoman said Thursday.

US Trade Representative Susan Schwab and South Korean counterpart Kim Jong-Hoon will consult with their governments after holding several hours of talks in Washington since last week, said spokeswoman Gretchen Hamel.

"Since last Friday, they have discussed the technical issues and exchanged views on a path leading to the reopening of the Korean beef market, and help restore Korean consumer confidence in US beef," Hamel said in a statement.

"We have made good progress this week and are close to reaching a mutually agreeable path forward," she added.

Kim was heading back to Seoul Thursday, Hamel said, adding that the ministers would stay in contact in the coming days.

South Korea halted imports of US beef in 2003 after the first confirmed case of mad cow disease in the United States, and the two countries hammered out a deal in April to resume all shipments ahead of a wider free-trade pact.

But a wave of protests has put President Lee Myung-Bak, whose approval rating has plummeted quickly since he took office in February, under pressure to scrap the agreement.

Both governments see the risk of mad-cow disease as minimal, and the deal was meant to clear the way for the free-trade agreement that was signed a year ago and is pending ratification by their legislatures.

Lee apologized to South Koreans on Thursday for the second time in a month over his government's handling of the beef deal, and vowed to secure firm US guarantees against any danger of mad cow disease.

Seoul wants the US government to secure a voluntary agreement by US exporters not to export older cattle, seen as potentially more at risk for the disease. - AFP/ac

 


Other business News
Eurozone stalls Greek cash aid pending new conditions
Eurozone sets conditions for Greek bailout
Banks agree US$25b deal for US homeowners
OPEC cuts 2012 oil demand forecast
China says January exports expected to have dropped
ECB holds key interest rate steady at 1.0%
Flights back to normal Friday after strike: Air France
Greece says agreement reached on austerity measures: ECB
US stocks gain on Greece, bank mortgage deal
Euro edges up as Greece inks reform deal
Oil prices rise on Greek deal
China's January inflation hits 3-month high
Spain's economy to worsen in Q1
Indonesia cuts interest rate to record low
Malaysia sees record trade in 2011
Rio Tinto earnings down 59% on aluminium write-down
Asia stocks mixed on Greek fears, China inflation
China's Alibaba raising US$3b for Yahoo! stake
S. Korea freezes key rate for 8th straight month
China inflation rises to 4.5% in January
Greek coalition talks end without full agreement

 

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