South Korea will prepare a trade package that is mutually agreeable with the United States ahead of minister-level meetings planned next week and a U.S. tariff-pause deadline of August 1, the presidential office said on Saturday.

South Korea and the United States will continue negotiations to reach a tariff deal before the hefty reciprocal duties take effect on Aug. 1, with key issues, such as investment and agricultural market access,

South Korea is seeking trade concessions, including on tariffs and non-trade barriers, in return for accepting the U.S. request to recalibrate the USFK’s strategic posture.