SEOUL, South Korea (AP) — South Korean and U.S. negotiators met Thursday as the countries ramp up efforts to clinch a final compromise on a long stalled free trade deal.
Seoul and Washington signed the agreement back in 2007, but it remains unratified by lawmakers. Progress has been slowed by U.S. demands that South Korea take steps to reduce its surplus in auto trade and further open its market for American beef.
The global financial crisis in 2008 and economic slowdown that followed also sapped the deal of momentum, which was negotiated under previous administrations in both countries.
Now, President Barack Obama and his South Korean counterpart Lee Myung-bak want to …
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