USTR commends Korean bill on illegal fishingThe office of the U.S. Trade Representative (USTR) has welcomed the parliamentary passage of a Korean bill designed to combat illegal fishing and lauded Seoul’s efforts to deter illegal, unreported and unregulated (IUU) fishing.
The National Assembly passed an amendment to the country’s distant water fisheries development act Thursday after the United States made a preliminary decision in September to designate Korea as an IUU fishing country.
On Friday, the USTR issued a statement welcoming the passage of the act.
“We commend Korea for acting expeditiously to strengthen its regime to combat illegal fishing, which disadvantages law-abiding fishermen everywhere,” said U.S. Trade Representative Robert Lighthizer.
After the designation, the USTR called for Seoul’s Trade Ministry to hold environment consultations under a Korea-U.S. FTA.
The Oceans Ministry, meanwhile, said it has kicked off the process to obtain the delisting of Seoul from illegal fishing country status by the U.S. National Oceanic and Atmospheric Administration.
“The USTR is not an agency that has authority to remove the status, but we will do our best to obtain the delisting at an early date, regarding the USTR’s message as a promising sign,” a government official said.
More in Economy
Border restrictions drastically cut North Korea's trade
Central bank holds rates steady, adjusts up GDP forecast
Restaurant coupons to make a comeback as an app
[INTERVIEW] Korea Forest Service head sees huge opportunity in Indonesia
Tapped out and hunkered down, Korea stares recession in the face