United States-Korea free trade agreement | KPMG | US

United States considers changes to free trade agreement with Korea

United States-Korea free trade agreement

The U.S. International Trade Commission (ITC) today announced a new investigation on proposed modifications to the United States-Korea free trade agreement regarding the staging of customs duties for certain motor vehicles.

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As noted in the ITC release, the investigation was requested by the U.S. Trade Representative (USTR) in an April 2018 letter (that letter also details the articles affected by the proposed modifications). The ITC will provide advice on the probable economic effect of the proposed staging of customs duty modifications on U.S. trade under the agreement and on domestic producers of the affected articles. The ITC expects to submit its advice to the USTR by June 2018.  

The ITC is seeking input for its new investigation from all interested parties. Comments are due by 1 May 2018.

 

For more information, contact a professional with KPMG’s Trade & Customs practice:

Douglas Zuvich | +1 (312) 665-1022 | dzuvich@kpmg.com

Andrew Siciliano | +1 (631) 425-6057 | asiciliano@kpmg.com

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