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U.S.-Korea FTA News

(Daily News)
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

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.


(Daily News)
July 02, 2018

The 20-year extension of the 25 percent U.S. duty on light and medium and heavy trucks agreed to in principle by the Trump administration and Korean government as part of the revised U.S.-Korea Free Trade Agreement would continue to dissuade Korean exporters from entering the U.S. truck market, the U.S. International Trade Commission reported Monday in an analysis requested by U.S. Trade Representative Robert Lighthizer.


(Daily News)
May 04, 2018

The U.S. and South Korea have resolved remaining issues with the revised U.S.-Korea Free Trade Agreement and will release the text this month, sources told Inside U.S. Trade.


(Daily News)
April 18, 2018

South Korea is seeking more information about a steel quota that was negotiated alongside an amended U.S.-Korea Free Trade Agreement, according to delegates from the Korean International Trade Association who met with the Office of the U.S. Trade Representative this week.


(In Trade)
April 12, 2018

Report due to Lighthizer by June 1.


(Daily News)
March 29, 2018

President Trump on Thursday said that he may not agree to finalize amendments to the U.S.-Korea Free Trade Agreement until an undefined “deal” is made with North Korea, despite an agreement in principle between the U.S. and South Korea being reached days ago.


(Daily News)
March 28, 2018

Key trade advocates on Capitol Hill are viewing the amended U.S.-Korea Free Trade Agreement as a positive pivot to the Asia-Pacific region, while industry groups question how the pact's revised changes would be implemented in meaningful ways.


(Text Document)
March 28, 2018

(Daily News)
March 26, 2018

After seven months of amendment talks, the United States and South Korea last Friday reached an agreement in principle that includes an extended tariff phaseout for Korean trucks, a product-specific quota to limit Korean exports of steel to the U.S., as well as a deal on currency, sources said.


(Daily News)
March 23, 2018

President Trump on Friday said the U.S.-Korea Free Trade Agreement is “very close to being finished,” adding Korea's exclusion from the Section 232 steel and aluminum tariffs lends leverage to trade talks in general.


(In Trade)
March 23, 2018

“It is transformative in terms of the way the Treasury Department is dealing with this. My hope is that we end up with language that deals with transparency and deals with competitive devaluations.”


(Daily News)
March 14, 2018

The U.S. and South Korea will hold a third round of talks to discuss the U.S.-Korea Free Trade Agreement on Thursday in Washington, DC, the Korean Trade Ministry announced on March 13, and sources say the Section 232 tariffs on steel and aluminum will play a prominent role in the discussions.


(Text Document)
February 01, 2018

(In Trade)
February 01, 2018

“We informed the United States of our detailed suggestions and stance regarding the ISDS clause and trade remedies. Stances on market access and tariffs were also exchanged.”


(In Trade)
January 25, 2018

The second negotiating session will be held on Jan. 31 and Feb. 1.


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