UPDATE 1-US-Korea trade pact faltered over autos-US official

Published 11/11/2010, 01:53 AM
Updated 11/11/2010, 01:56 AM

(Updates with more comments, details)

SEOUL, Nov 11 (Reuters) - Disagreement over the access of U.S. carmakers to the lucrative South Korean automobile market was the main reason the two countries failed to advance a long-stalled free trade pact on Thursday, U.S. officials said.

Mike Froman, an economic adviser to U.S. President Barack Obama, said there were a number of other sticking points, but autos had been the main obstacle to a deal.

"Autos is a major outstanding issue and we've spent a great deal of time on autos in the last four days and will be continuing to work on that issue as we go forward," Froman told reporters after a meeting in Seoul between Obama and South Korean President Lee Myung-bak that had been dominated by trade.

U.S. Trade Representative Ron Kirk said restrictions on U.S. beef had been another hurdle, but denied the failure to get an agreement represented a kind of failure for Obama.

"We've made good progress. These are very tough agreements to get done. I like to think we're closer to the end," he told the reporters.

(Reporting by Patricia Zengerle; Editing by Alex Richardson)

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