The US is hoping to launch negotiations with South Korea on upgrading their five-year-old trade deal, also known as the KORUS FTA, according to comments made by US Vice President Mike Pence during a trip to Asia earlier this month. Speaking in Seoul on 18 April, the US official suggested that doing so could help address areas "where our trade relationship is falling short," while noting that the two sides do have deep-seated economic ties.
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Agreements: KOREA-UNITED STATES (KORUS)