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Vol 5 · Issue 10 · October 2016     
Message from the Embassy
The Korea-U.S. Free Trade Agreement (KORUS FTA) increases U.S. exports overseas and supports U.S. jobs and employment. Ambassador Ahn, Ho-young recently traveled to Connecticut, where he visited United Technologies, one of the many companies exporting around 324 million in civilian aircrafts and parts, and machinery from Connecticut to Korea. On top of these large companies, numerous small and medium size companies across America are growing and expanding within their local communities based on the new market access granted through the KORUS FTA. This month's newsletter highlights U.S. jobs supported through U.S. exports under the KORUS FTA. 
Robust Trade Supports Robust Employment

U.S. job creation has been strong since 2009, when U.S. unemployment topped 10 percent. Exports have played a major role in driving job creation and stimulating the U.S. economy. Free trade agreements like the Korea-U.S. Free Trade Agreement (KORUS FTA) foster a robust export market for U.S. goods and services across industries, and in turn create American jobs. Export of goods is responsible for 6.7 million jobs in the United States and trade with the United States' free trade agreement partners creates a whopping 46 percent of those jobs. Thanks to the KORUS FTA, in 2015 Korea alone supported 358,000 American jobs through trade in goods and services. That's an increase of 87,000 jobs between 2009 and 2015. To learn more about how the KORUS FTA supports U.S. job creation, visit the Seoul Source Blog.
Fast Facts about the KORUS FTA and Jobs

All data from 2015
Recent News
 
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 economic relationship spurs business growth, creates jobs, generates new markets for U.S. goods and services, and strengthens an important strategic alliance. 
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