United States-Korea Free Trade Agreement

Syllabus of the Subject: United States-South Korea Free Trade Agreement

Introduction to the United States-Korea Free Trade Agreement;
Benefits of the Agreement for the U.S. and Korean exporters;
Advantages for agriculture, manufacturing, automotive, high-tech industry, services, and financial services;
Investment Chapter;
Case Study: exporting to South Korea;
Structure of the agreement;
Rules of Origin;
Regional Value Content;
Foreign Trade between the United States and South Korea.

United States-South Korea Free Trade Agreement (FTA)

Market Access - Free Trade Agreements. Online Education (Courses, Masters, Doctorate)

Asia Online Masters, Doctorate (Global Business, Foreign Trade)

The Subject “US-Korea Free Trade Agreement” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Learning materials in Courses, Masters, Doctorate in International Business and Foreign Trade in English or Study Master Doctorate in International Business in Spanish Estados Unidos Study, Course Master Doctorate in International Business in French Coree.

Online Education (Courses, Masters, Doctorate): Trade and Business in the United States

United States-Korea Free Trade Agreement

Status of the United States-South Korea Free Trade Agreement (FTA) in force since 2011

The South Korean tariff and tariff-rate Quotas reduction on the export products alone will add 10 billion dollars to 12 billion dollars to the annual gross domestic product to the United States and 10 billion dollars to the annual exported products to South Korea;
The average applied tariff rate of South Korea on all the export products is 12% (4% for the United States), and its average applied tariff rate on the export agricultural products is 54% (9% for the United States);
The United States-South Korea Free Trade Agreement (FTA) will eliminate 95% of these tariffs instantly or within three years.

Foreign Trade between the United States and South Korea

South Korea is the seventh largest trading partner of the United States and the seventh largest export market;
The United States is the single largest foreign direct investment source in South Korea (27 billion dollars in aggregate foreign direct investment);
South Korea has invested 2 billion dollars in the United States;
For export agricultural products, the United States-South Korea Free Trade Agreement (FTA) will instantly eliminate the import tariffs and quotas on a broad range of the export products, with 66% (by value) of agriculture imports of South Korea from the United States becoming duty-free upon the entry into force of the United States-South Korea Free Trade Agreement;
South Korea is a significant market for the United States services in Asia, with a foreign trade in cross-border services greater than 12 billion dollars.