DOD, GSA, NASA Move To Implement US-Korea Trade Pact

Law360, New York (March 8, 2012, 8:47 PM EST) -- Three federal agencies rolled out an interim rule on Wednesday that alters government contracting regulations to implement the U.S.-South Korea free trade agreement enacted last year.

The rule, published in the Federal Register by the Department of Defense, General Services Administration and NASA, amends the Federal Acquisition Regulation. It lowers the procurement threshold for South Korean supplies and services from $202,000 — as was dictated by the previously controlling pact, the World Trade Organization Government Procurement Agreement — to $100,000.

Congress passed the free trade pact...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.