South Korea finance minister says Donald Trump win may affect South Korea-US FTA, TPP deals

However, Yoo Il-ho, while speaking to the reporters after a meeting with other ministers in Seoul, said he was unclear at this stage if the terms of the Korea-US regarding FTA would have to be renegotiated.

By: Reuters | Seoul | Updated: November 9, 2016 8:05 pm

South Korea’s finance minister on Wednesday said Donald Trump’s upset win in the U.S. Presidential election may bring with it possible changes to the free trade deal between South Korea and US, as well as the Trans-Pacific Partnership agreement.

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However, Yoo Il-ho, while speaking to the reporters after a meeting with other ministers in Seoul, said he was unclear at this stage if the terms of the Korea-US regarding FTA would have to be renegotiated. Trump’s protectionist stance could play a part in future policy, but the US President-elect may not be able to keep to his pledge on all related polices once in office, Yoo added.