WASHINGTON, March 13 (Bernama-Yonhap) -- US President Donald Trump's administration welcomes the South Korean parliament's passage of a special bill on Seoul's pledge to invest US$350 billion in the United States as a "positive step," a US official said Friday, Yonhap News Agency reported.
The official's remarks came after the National Assembly on Thursday (Seoul time) passed the bill facilitating the implementation of South Korea's investment commitment under a bilateral trade deal that the two governments struck last year.
"We welcome South Korea's passage of their investment pledge as a positive, even if delayed, step towards implementing our trade deal," the official said in response to an email question from Yonhap News Agency.
"The administration continues to monitor every country's compliance with our trade deals, and we look forward to Korea's full implementation of the other trade-related issues that were agreed to in our Joint Fact Sheet," the official added.
The official was referring to the joint document that Seoul and Washington released in November to outline bilateral trade and security agreements, including Washington's agreement to lower "reciprocal" tariffs on South Korea in return for Seoul's investment pledge.
-- BERNAMA-YONHAP
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
