Finance chief vows swift preparation of US investment bill

Finance Minister Koo Yun-cheol on Thursday pledged to swiftly propose a special bill to promote investment in the United States, after the two countries agreed on the specifics of Seoul's $350 billion investment package as part of a trade deal. The agreement was reached during President Lee Jae Myung's summit with U.S. President Donald Trump on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in the southeastern city of Gyeongju, North Gyeongsang Province, the previous day. "The conclusion of the Korea-U.S. tariff negotiations will ease uncertainties surrounding exports to the U.S. and help secure tariff rates equivalent to those of major economies such as Japan and the European Union," Koo said during a parliamentary audit. Koo added that the government is preparing a special act that would establish a fund to encourage investment in the U.S. and will work to have it submitted to the National Assembly as quickly as possible. "We aim to submit the bill in November so that it can be applied starting Nov. 1," he said. If the government submits the bill as planned, U.S.Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times