U.S. cites progress on FTA with South Korea

Trade & Trends

Monday, March 18, 2013

Friday, March 15, marked the one-year anniversary of the entry into force of the U.S.-South Korea free trade agreement and, so far, the White House is pleased with the results. Notable U.S. export increases occurred in the transportation sector, which experienced a 24 percent increase to $5 billion; sales of “Detroit 3” cars in Korea increased 18 percent, and overall U.S. passenger vehicle exports to Korea increased 48 percent, said Acting U.S. Trade Representative Demetrios Marant...

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