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U.S.-Korea FTA News

(Daily News)
March 13, 2015

Acting Deputy U.S. Trade Representative Wendy Cutler on March 13 announced that on the third anniversary of the U.S.-Korea free trade agreement (KORUS) implementation hurdles remain with a new Korean framework that would allow financial institutions to transfer data outside Korean borders, origin verifications of products eligible for tariff preferences, and in the automotive sector.

(Daily News)
February 09, 2015

The U.S. goods trade deficit with South Korea increased by nearly 21 percent to $25.1 billion in 2014, albeit at a slower rate than in previous years, according to new Commerce Department data released on Feb. 5. The data is adding more fuel to claims by critics that the U.S.-Korea free trade agreement and other FTAs exacerbate trade deficits.

(Inside U.S. Trade)
December 24, 2014

The South Korean government took advantage of the third meeting of the U.S.-Korea free trade agreement's Joint Commission on Dec. 15 to press for progress in setting up an appellate process for rulings under investor-state dispute settlement (ISDS), as well as other issues that are part of the agreement's so-called "built-in agenda."

(Daily News)
September 12, 2014

SEOUL -- A senior South Korean trade official on Friday (Sept. 12) rejected the notion that Seoul's efforts to resolve problems that have arisen in implementing the bilateral U.S.-Korea free trade agreement (KORUS) are largely being taken with an eye toward eventually joining the Trans-Pacific Partnership (TPP).

(Daily News)
July 23, 2014

UPDATED: The Senate Finance Committee and the House Ways & Means trade subcommittee are slated to hold separate hearings next week evaluating the status of the African Growth and Opportunity Act (AGOA). Finance is also separately holding a trade subcommittee hearing on the U.S.-Korea (KORUS) free trade agreement.

(Daily News)
April 25, 2014

President Obama in Seoul today (April 25) clearly signaled that the United States has not budged from its position that Korea must first resolve major outstanding issues relating to their bilateral free trade agreement before the U.S. seriously considers giving a green light for Korea to join the regional Trans-Pacific Partnership (TPP) trade deal.