Key Benefits Of The Landmark US-Korea Trade Agreement
March 16, 2012, 1:59 PM EDT
Law360, New York (March 16, 2012, 1:59 PM EDT) -- Effective March 15, 2012, with justifiable fanfare, the United States and South Korea bought into force the U.S.-Korea Free Trade Agreement (KORUS), marking an important and historic milestone in the economic integration of these two major trading partners. With two-way trade already valued at more than $85 billion annually, KORUS is the most commercially significant U.S. free trade agreement since the North American Free Trade Agreement.
Businesses across industries in both countries stand to benefit immediately, and over the long term, from the trade liberalizing commitments...