US, S. Korea sign revised free trade agreement

WASHINGTON, Sept 25, (Agencies): President Donald Trump and South Korean President Moon Jae-In signed a revised free trade agreement Monday in New York.

“It’s a very big deal,” Trump said. “It’s a great day for the United States and it’s a great day for South Korea. This is long in coming – many years, I will say, in coming.”

He added that everyone from US farmers to pharmaceutical companies would have more access to the Korean market and automakers would be able to double the number of vehicles they can sell in South Korea per year.

Also:

TOKYO: Japan and the United States began a second round of trade talks in New York on Tuesday, Japan’s top government spokesman said, amid concerns in Tokyo that Japan will face greater pressure to reduce its large trade surplus.

US Trade Representative Robert Lighthizer and Economy Minister Toshimitsu Motegi had been scheduled to meet on Monday evening, ahead of a Wednesday summit between US President Donald Trump and Japanese Prime Minister Shinzo Abe on the sidelines of a UN General Assembly meeting.