01.04.2020, 11:32
Seoul and Washington Reach an Agreement on Funding US Troops in South Korea
Source: OREANDA-NEWS
OREANDA-NEWS. The Republic of Korea and the United States as a whole reached an agreement on a new agreement on the conditions for the deployment of the American military contingent and can sign it in the near future. This was reported on Wednesday by an informed source in the South Korean government to Yonhap.
"In general terms, the parties reached the final stage of negotiations, only insignificant details remain", the official stressed. According to him, soon this can be announced officially. At the same time, the source refused to provide specific details about the agreements, including he did not specify the period for which a new agreement will be concluded, and the amounts involved.
In mid-March, the delegations of the two countries held another round of negotiations in Los Angeles, California, but could not reach a compromise regarding the share of Seoul’s expenses for the maintenance of American troops stationed on the Korean peninsula. The US insisted on a fourfold increase in spending by the South Korean side, that is, up to $ 4 billion a year. Seoul considers this amount unrealistically overpriced.
"In general terms, the parties reached the final stage of negotiations, only insignificant details remain", the official stressed. According to him, soon this can be announced officially. At the same time, the source refused to provide specific details about the agreements, including he did not specify the period for which a new agreement will be concluded, and the amounts involved.
In mid-March, the delegations of the two countries held another round of negotiations in Los Angeles, California, but could not reach a compromise regarding the share of Seoul’s expenses for the maintenance of American troops stationed on the Korean peninsula. The US insisted on a fourfold increase in spending by the South Korean side, that is, up to $ 4 billion a year. Seoul considers this amount unrealistically overpriced.
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