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
Maine Coast, a live lobster distributor, was established in 2011 in York, Maine and has grown into a $40 million business.
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