EENI Global Business School

United States-Korea Free Trade Agreement


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Syllabus of the Subject

South Korea-U.S. Trade Agreement: agriculture, manufacturing, automotive

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

Market Access - Free Trade Agreements

Asia Masters, Doctorate (Global Business, Foreign Trade)

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

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

Doctorate: World Trade.

Doctorate in International Business (DIB) Online

Korea, Masters, International Business Trade Masters adapted to Korean Students - United States, Masters, International Business Trade U.S. Students.

Languages: Masters, Doctorate, International Business, English or Study Master Doctorate in International Business in Spanish Estados Unidos Study Doctorate in International Business in French Coree.

Foreign Trade and Business in the U.S.

United States-Korea Free Trade Agreement

Status of the U.S.-South Korea Free Trade Agreement (FTA) in force since 2011

  1. 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 GDP to the U.S. and 10 billion dollars to the annual exported products to South Korea
  2. The average applied tariff rate of South Korea on all the export products is 12% (4% for the U.S.), and its average applied tariff rate on the export agricultural products is 54% (9% for the U.S.)
  3. The U.S.-South Korea Free Trade Agreement (FTA) will eliminate 95% of these tariffs instantly or within three years

Foreign Trade between the U.S. and South Korea

  1. South Korea is the seventh largest trading partner of the U.S. and the seventh largest export market
  2. The U.S. is the single largest foreign direct investment source in South Korea (27 billion dollars in aggregate foreign direct investment)
  3. South Korea has invested 2 billion dollars in the U.S.
  4. For export agricultural products, the U.S.-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 U.S. becoming duty-free upon the entry into force of the U.S.-South Korea Agreement
  5. South Korea is a significant market for the U.S. services in Asia, with a foreign trade in cross-border services greater than 12 billion dollars

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