Seoul: Boeing Korea President Will Shaffer on Wednesday expressed hope that aerospace products will be exempted from U.S. tariffs in a trade deal currently under negotiation between Seoul and Washington.

At a media event in Seoul to mark the 75th anniversary of Boeing Korea's establishment, Shaffer said the company has long worked to keep aerospace tariff-free under a 1979 U.S. law and is seeking similar provisions in the new bilateral trade deal under discussion, reports Yonhap news agency.

"As of right now, I think the language is still being solidified out of the trade deal on whether aerospace will be carved out," Shaffer told Yonhap News Agency. "I know that both Japan, as well as Europe, have created a carve-out for tariff-free aerospace, so I hope that the same thing will happen.

See Full Page