US-Korea trade pact gives US manufacturers more access
Nov 30, 2011 | 04:52 PM
| Catherine Ngai
Tags
trade,
FTA,
free-trade agreement,
South Korea,
automotive,
manufacturing,
catherine ngai
NEW YORK — After nearly five years of negotiations, the United States and South Korea have signed a trade pact, considered one of the most significant trade agreements since the passage of the North American Free Trade Agreement in 1994.
Before the free-trade agreement (FTA) can be implemented, each country must show that it can comply with the obligations outlined in the agreement. South Korean President Lee Myung-bak signed these obligation agreements Tuesday, which means the deal could go into effect as early as Jan. 1 (AMM, Nov. 30). ....
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