US, South Korea Reach Tentative Trade Pact

Law360, New York (December 5, 2010, 3:52 PM EST) -- The United States and South Korea have resolved U.S. industry concerns over South Korean barriers to auto exports, paving the way for long-awaited congressional approval of a free trade agreement between the two countries.

Following a week of discussions in Columbia, Md., U.S. and South Korean negotiators struck a deal that would allow the United States to maintain for five years a 2.5 percent tariff on South Korean cars, the countries' leaders announced Saturday. 

Both countries’ officials said they would address issues related to U.S. beef...
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