SEOUL (Reuters) -The U.S. wants South Korea to join efforts to counter China’s growth in shipbuilding via potential cooperation in the sector, a senior official from Seoul’s trade ministry said on Friday.
“The United States feels a sense of crisis that China’s market share in the shipbuilding sector is growing and is tapping Korea as a strategic partner,” Trade Policy Director Chang Sung-gil said at a forum hosted by a lawmaker.
The U.S. is asking Seoul to join measures to curb China in “other areas” as the “precondition” for bilateral cooperation in shipbuilding, he said, without elaborating.
He later clarified that he was referring to the shipbuilding sector as the potential area where the United States wants Seoul to join hands in terms of taking on China.
The U.S. had also expressed reservations when it comes to cutting or eliminating industry-specific tariffs, such as those on automobiles and steel, Chang said.
The United States is asking Seoul to boost U.S. investments and purchases of U.S. energy and agriculture products in return for negotiating over reciprocal tariffs of 25%, he said, but added “there is a lot of political sensitivity in South Korea when it comes to expanding imports of agricultural products.”
(Reporting by Hyunjoo Jin and Jihoon LeeEditing by Ed Davies)
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