Giving Thanks for the U.S. Korea Alliance

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The harvest season in Korea and the United States marks a time of giving thanks. Similar to Korea’s Chuseok, the American Thanksgiving holiday is a rich cultural tradition that the U.S. Korea Connect team is marking this year with gratitude for the many successes the U.S. Korea Free Trade Agreement (KORUS FTA) has produced in both countries. Here are just a few reasons we’re giving thanks.

In the legal industry, U.S. law firms are able to open offices in Korea and enter into cooperative agreements with Korean firms to advise clients on Korean Law. Boston law firm Ropes & Gray is certainly giving thanks for the advances available to its Korea practice under the KORUS FTA.… Read More

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Korea’s Leading Role at the U.N. Climate Summit

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On September 23, 2014, United Nations Secretary-General Ban Ki-moon hosted the U.N. Climate Summit in New York City to engage global leaders and spur action that drives global sustainability and prosperity. The historic summit served as a public platform for leaders at the highest levels. President Park Geun-hye participated in the event along with leaders from many other UN Member States, as well as finance, business, civil society and local leaders from public and private sectors.

Korea’s policies have encouraged sustainable business practices and the development of environmentally-sensitive technologies and clean energy industries. A leader in innovation, Korea naturally embraces challenges like climate change, turning them into opportunities for innovation and growth. … Read More

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Korea’s Maine Attraction

Korean chefs visiting Maine get a chance to see where and how their lobsters are harvested.

Korean chefs visiting Maine get a chance to see where and how their lobsters are harvested.

Last month’s U.S. Korea Connect newsletter focused on U.S. exports of seafood products to Korea. Since the U.S. Korea Free Trade Agreement (KORUS FTA) took effect in 2012, Maine’s exporters have been among the top beneficiaries of reduced tariffs on seafood exports to Korea. To a large part, this is because the KORUS FTA eliminated tariffs of 20 percent on exports of our state’s world famous lobsters.

Maine lobster exports to Korea have expanded dramatically over the past few years. In 2013, over 3.5 million pounds of lobster were shipped from the U.S.… Read More

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Alaska and Korea: Partners in Prosperity

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Earlier this month, I hosted Korean Ambassador Ahn Ho-Young in Alaska to celebrate the enduring economic and military history our great state shares with Asia’s fourth largest economy. Together, we honored the sacrifice of nearly two million American soldiers who served in the Korean War more than six decades ago.

The subsequent years have seen Korea rise from a nation of dire economic uncertainty to one of global economic leadership. They have brought Korea and the United States closer in a partnership that is stronger today than ever.

Alaska plays an important role in the strong U.S.-Korea bilateral relationship. For Korean businesses, the proximity and accessibility of Alaska has made our state an attractive entry point for the U.S.… Read More

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Bridging the Gap: U.S. Food Exports and the Korean Market

Korea and the United States maintain a robust trade in food products with more than $5.1 billion worth of U.S. agricultural product exports to Korea in 2013 alone.  As one of the world’s leading food-producing areas, the United States is realizing the benefits of the U.S. Korea Free Trade Agreement (KORUS FTA) through increased trade in high quality processed food and agricultural products.

At Food Export-Midwest and Food Export-Northeast, our top priority is promoting the export of high quality, value-added, processed U.S. food and agricultural products. Through a variety of programs for current and aspiring exporters, we work closely with local and federal agencies to facilitate trade between Midwestern and Northeastern food suppliers and importers in countries around the world.… Read More

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