Washington: U.S. Trade Representative Jamieson Greer expressed positive sentiments about South Korea's approach to ongoing trade negotiations, describing it as "very forward-leaning" and progressing "in the right direction." This comes as the two nations prepare for working-level trade talks scheduled for this week, focusing on U.S. tariffs and economic and industrial cooperation.

According to Yonhap News Agency, South Korea is actively seeking exemptions from the Trump administration's "reciprocal" tariffs, amid concerns over potential negative impacts on bilateral trade relations. In a recent interview with Fox News, Greer noted South Korea's proactive stance and the constructive exchanges between the two countries. Last week, Greer and U.S. Treasury Secretary Scott Bessent held a "two-plus-two" meeting with South Korean officials, including Finance Minister Choi Sang-mok and Industry Minister Ahn Duk-geun, in Washington.

Both sides have agreed to aim for a "July package" agreement addressing trade and related issues, with a deadline set before July 8, coinciding with the end of President Donald Trump's 90-day pause on reciprocal tariffs. The discussions are set to focus on four primary areas: tariff and non-tariff measures, economic security, investment cooperation, and currency policy.

Greer addressed concerns regarding the typically lengthy process of finalizing trade deals, emphasizing the administration's commitment to a "targeted" mission. The focus remains on achieving reciprocal trade, reducing the trade deficit, enhancing market access, and addressing non-tariff barriers, with a strategic approach that aims to expedite the process.