US-Korea Free Trade Agreement starting March 15th
Finally the US & Korean governments have announced the much anticipated Free Trade Agreement between the two countries will take effect March 15th, 2012. US Trade Representative Ron Kirk said “In a few short weeks, the promise of the U.S.-Korea trade agreement – including tens of thousands of export supported jobs with better wages will start to come home for American businesses and working families”. This is obviously great news for those who have goods to export – it is believed that almost 80% of U.S. exports of industrial products and two-thirds of agricultural exports to Korea will become duty free.
