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S. Korea Suggests U.S. Carry out Joint Study on FTA’s Economic Effect

S. Korea Suggests U.S. Carry out Joint Study on FTA’s Economic Effect

SEJONG, Jul. 25 (Korea Bizwire) — South Korea suggested the United States carry out a joint study on the economic impact of the Seoul-Washington free trade agreement before starting talks on its amendment, Seoul’s trade ministry here said Tuesday. “Regarding your request to convene a special session of the Joint Committee under the KORUS FTA, [...]

Data Indicate Tariff Elimination Doesn’t Account for Increased Korean Car Exports to U.S.

Data Indicate Tariff Elimination Doesn’t Account for Increased Korean Car Exports to U.S.

SEOUL, Jul. 16 (Korea Bizwire) — South Korea’s car exports to the United States have declined, rather than increased, after the two countries abolished import taxes last year as part of their free trade agreement, data showed Sunday. The Korea Automobile Manufacturers Association (KAMA) published the analysis that rebuts a widespread belief in the U.S. [...]