The U.S.-Korea Free Trade Agreement (KORUS FTA) is an international partnership designed to promote the free flow of products and services between the United States and Korea. This new element of our economic relationship will spur business growth, create jobs, generate new markets for U.S. goods and services, and strengthen an important strategic alliance.
The U.S. International Trade Commission estimates that the reduction of Korean tariffs and tariff-rate quotas on goods alone will add $10 billion to $12 billion to annual U.S. Gross Domestic Product and around $10 billion to annual merchandise exports to Korea.
This website – U.S. Korea Connect – has been developed to provide information, tools and resources for businesses interested in taking advantage of the tremendous opportunities available through the KORUS FTA to export goods, services and ideas. Businesses interested in learning more about the KORUS FTA and the benefits it can deliver are encouraged to join Business Connect, a network of businesses in the United States and Korea. Members will receive timely information about KORUS FTA news and opportunities.
The United States and Korea have maintained a long and dynamic relationship. See how this relationship continues to strengthen with the implementation of the U.S.-Korea Free Trade Agreement.
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Answers to frequently asked question about the U.S.-Korea Free Trade Agreement.
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Recent Success Story
For 60 years T-L Irrigation has manufactured irrigation systems for the agriculture industry. The company’s hydrostatic center-pivot design employs a simple hydraulic oil flow to continuously move an irrigation system across a field, making it less prone to downtime and putting less wear and tear on key components, than electrically-driven systems. T-L Irrigation machines can be operated by one person, eliminating the need for additional labor and other equipment, such as sprayers and tractors. The direct application of water and chemical nutrients to crops helps farmers efficiently use water resources to increase crop yield.
Learn more about how the FTA benefits your state and others