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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Singapore Asia Pacific World US, S.Korea push for auto, beef deal to save pact Reuters - Thursday, December 2 Send IM Story Print * Meetings this week follow recent failure at G20 summit * US stresses need for more access to Korean auto market By Doug Palmer COLUMBIA, Maryland, Dec 1 - Top U.S. and South Korean trade officials on Wednesday searched for solutions to auto and beef trade concerns that have blocked congressional approval of a free trade pact for three years. South Korean Trade Minister Kim Jong-hoon told reporters he hoped to reach a deal this week, and added "that is their hope too," referring to the United States. But a spokeswoman for U.S. Trade Representative Ron Kirk was more cautious on chances for an agreement that would overcome opposition in Congress to the pact. "Our objective is to use this week's meeting to advance our negotiations. We're having good discussions but there is more work to be done," the aide said. The talks, originally set for two days at a luxury hotel north of Washington, were expected to go into overtime on Thursday. Kim said he planned to extend his stay for at least one night in the hopes of going home with an agreement. The countries just a few weeks ago missed a high-profile deadline set by U.S. President Barack Obama and South Korean President Lee Myung-bak for solving problems with the deal signed in June 2007. Ford Motor Co <F.N> has complained loudly about the auto provisions, saying they fail to tear down South Korean "non-tariff barriers" to American cars while opening the U.S. markets to even more imports from South Korea. The United States exported 7,663 cars and light trucks to South Korea in 2009 while it imported 476,857 from automakers there, according to U.S. Commerce Department figures. 'STAND FIRM' In a joint statement on Wednesday, three influential U.S. lawmakers urged Obama "to stand firm in resolving issues in these important sectors so we can move forward with the free-trade agreement." It was signed by Senate Finance Committee Chairman Max Baucus and Representatives Sander Levin and Dave Camp. Levin and Camp are respectively the outgoing and incoming chairmen of the House of Representatives Ways and Means Committee, which shares jurisdiction over trade with the Senate Finance Committee. The latest talks come against the backdrop of increased tensions on the Korean peninsula following a North Korean military strike last week on a South Korean island. "The fact that both sides decided to proceed with the talks despite the current situation on the Korean peninsula demonstrates both sides' commitment to getting this done," said Troy Stangarone, director of congressional affairs and trade for the Korea Economic Institute. "I'm inclined to think they will reach a deal," he said. Meanwhile, a senior South Korean legislator, Na Kyung-won, in a speech in Washington said the two countries should not let special interest concerns stand in the way of finalizing a deal that would bolster a nearly six-decades-old alliance. "The Korea-U.S. FTA is not just about economic, trade and investment relations between our two countries. It is not an exaggeration to regard it as the most important bilateral agreement since the Mutual Defense Treaty of 1953," Na said. U.S. trade officials have refused to say what changes they are asking South Korea to make in the 2007 agreement, but it is believed they are pushing for a slower phase-out in the United States of tariffs on cars and trucks. Washington has also pressed South Korea to accept U.S. car mileage and emission standards to remove an impediment to U.S. sales in the Korean market. Baucus and some beef groups also want Seoul to commit to a process to remove remaining barriers to U.S. beef exports. South Korea has been adamant that its remaining beef import restrictions, which stem from the discovery of mad cow disease in the U.S. herd in 2003, are not up for negotiation at this time. Tens of thousands of South Koreans took to the streets in protests in 2008, when President Lee Myung-bak gave into U.S. demands for a complete reopening of the beef market. To help stop the furor, the U.S. industry agreed to ship beef only from cattle not older than 30 months, which are considered least likely to have disease. Under that voluntary pact, the United States has recovered much of its lost sales. 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