00:00The U.S. is close to finalizing a trade deal with South Korea with an announcement expected in the next 10 days.
00:07Treasury Secretary Scott Besson says the two countries are in the process of ironing out the final details.
00:15U.S. and South Korean officials are meeting this week on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Washington.
00:24The two sides are expected to finalize details of South Korea's US$350 billion investment commitment under a bilateral trade deal struck in July.
00:35Asked if Treasury would support setting up a currency swap facility, Besson said it would be up to the Federal Reserve.
00:41Both sides are keen to complete the trade agreement before the end of the month when Seoul will host an Asia-Pacific Economic Cooperation Summit.
00:49South Korea's presidential office says U.S. President Donald Trump is expected to arrive on October 29th.
00:56Trump is also expected to meet Chinese President Xi Jinping and North Korean leader Kim Jong-un on the sidelines of the forum.
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