Some S. Korea Trade Hurdles Remain Despite Pact, ITC Says

Law360, New York (May 24, 2013, 3:12 PM EDT) -- The year-old trade pact between the U.S. and South Korea has benefited American manufacturing and agriculture exporters, but long-term benefits may be limited by nontariff measures and administrative costs, the U.S. International Trade Commission said in a report Friday.

The ITC released a report examining the impact the U.S.-Korea Free Trade Agreement has had on U.S. small and medium-sized businesses, finding overall that domestic industry has benefited from more open trading with Seoul. However, Korea's remaining restrictions on food and animal safety measures still pose a...
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