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"It's a very big deal," Trump said of the US-Korea Free Trade Agreement, thanking Vice President Mike Pence, the US Trade Representative Robert Lighthizer, Treasury Secretary Steve Mnuchin throughout the negotiations that began in July 2017.
Trump expressed his gratitude to Moon for his "dedicated efforts" to achieve what he called "a historic step in the trade".
Trump said the agreement was "fair and reciprocal" and would reduce both the trade deficit and expand the export opportunities of US products to South Korea, including automobiles, drugs and products. farm.
"I think our farmers are going to be extremely happy, they have been very limited as to what they can do and what they can send and now it's an open market and they're going to send a lot more agricultural products. Alright, I love our farmers, "said Trump, adding that the deal would double the cars by manufacturer that could enter the South Korean market while meeting US safety standards.
The agreement, according to Trump, "will reduce bureaucracy and increase prosperity" for both countries and is an agreement in addition to the many projects "in progress".
After brief remarks from Moon, the two leaders went to a table to sign the trade agreement.
"I have never seen my name in Korean, it looks nice," Trump said.
He introduced his South Korean counterpart with the pen.
"Oh, thank you," Moon said, visibly surprised and delighted.
Trump will continue meetings with world leaders throughout the week.
