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U.S.-Korea FTA News
(In Trade)
January 25, 2019
January 25, 2019
“Look beyond KORUS,” the Asia Society Policy Institute recommends.
(Daily News)
January 23, 2019
January 23, 2019
South Korea should be prepared to challenge national security-based import restrictions on Korean autos and auto parts at the World Trade Organization and elsewhere because such duties are “not logical,” a former senior Korean trade official said on Wednesday.
(In Trade)
January 09, 2019
January 09, 2019
“The main compliment of the KORUS FTA was on the automobile sector. And to be frank, we don’t think it makes much sense if it applies to Korea because we accommodated most of the demands on the U.S. side on automobiles.”
(Daily News)
December 26, 2018
December 26, 2018
The Trump administration will have its hands full in 2019, with new talks slated to begin with Brussels, Tokyo, London and potentially more, as well as the implementation of a revised deal with South Korea. The fate of the U.S.-Mexico -Canada Agreement will also be determined next year by a new Congress.
(In Trade)
December 10, 2018
December 10, 2018
USTR: “Great news today! ... This improved deal is a great achievement for our nations and workers.”
(Daily News)
October 16, 2018
October 16, 2018
Washington and Seoul will hold consultations under the auspices of the U.S.-Korea Free Trade Agreement to discuss revising the rules of origin for textile products that are not commercially available in either country.
(Daily News)
October 16, 2018
October 16, 2018
Washington and Seoul will hold consultations under the auspices of the U.S.-Korea Free Trade Agreement to discuss revising the rules of origin for textile products that are not commercially available in either country.
(File Document)
October 09, 2018
October 09, 2018
(In Trade)
October 02, 2018
October 02, 2018
“As we have reflected the U.S. concerns in the auto sector in the revised KORUS FTA, we will put utmost efforts to get relief from the U.S. auto tariffs based on the agreement.”
(In Trade)
September 24, 2018
September 24, 2018
“This is long in coming,” Trump said. “Many years, actually, I will say, in coming.”
(Daily News)
September 23, 2018
September 23, 2018
President Trump on Monday will sign a retooled U.S.-Korea Free Trade Agreement in New York, according to the White House.
(Daily News)
September 21, 2018
September 21, 2018
Rules of origin governing whether some chemicals will be eligible for benefits under a new U.S.-Mexico trade pact are more flexible than provisions in the North American Free Trade Agreement, sources said, adding the new rules are akin to those included in the U.S.-Korea Free Trade Agreement.
(In Trade)
September 05, 2018
September 05, 2018
“The deal is done, it's been done with South Korea for a long time, it's been done for about two months, and we'll do a ceremonial signing over the next very short period of time.”
(Daily News)
September 05, 2018
September 05, 2018
The U.S. and South Korea, in their talks on how to modify the U.S.-Korea Free Trade Agreement, agreed to establish panels to monitor rules of origin and investment issues, according to documents released this week.
(In Trade)
September 03, 2018
September 03, 2018
USTR said the documents outline the “amendments and modifications to KORUS as well as additional agreements and understandings to improve implementation of the trade pact.”
(Daily News)
August 29, 2018
August 29, 2018
The U.S. on Wednesday amended a controversial Section 232 process to allow companies from countries that agreed to separate quota deals for steel and aluminum to apply for product exclusions.
(Daily News)
August 27, 2018
August 27, 2018
South Korean Trade Minister Kim Hyun-chong said last week he was confident the country would be exempted from any Section 232 restrictions on autos and auto parts, contending that provisions agreed to in the modernization of the U.S.-Korea Free Trade Agreement provided Seoul with protection.
(File Document)
August 21, 2018
August 21, 2018
(Daily News)
August 16, 2018
August 16, 2018
If the U.S.-Korea Free Trade Agreement is terminated, U.S. households would face a consumption tax of $4.6 billion annually, according to a report to be released on Thursday.
(Daily News)
July 09, 2018
July 09, 2018
Washington and Seoul are expected to sign a revised version of the U.S.-Korea Free Trade Agreement as early as September, the Korean Trade Ministry said last week, adding that discussions on “some technical areas” are continuing even though the wording of the pact has been completed.