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United States-Korea free trade agreement negotiation “outcomes”

United States-Korea free trade agreement

The Office of the U.S. Trade Representative (USTR) announced the “agreed outcomes” of negotiations to amend and modify the United States-Korea free trade agreement.

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The agreed outcomes of the negotiations include amendments and modifications to the free trade agreement as well as additional agreements and understandings to improve implementation of the trade pact.

The publication of the text of the agreed outcomes follows the completion in mid-August 2018 of U.S. domestic consultation procedures.  Korea will now initiate the next step in its own domestic procedures, including a period for public comment. 

The USTR release notes that once complete and translations are certified by both governments, the documents may then be finalized for signature, to be followed by further procedures in both countries as needed to bring the outcomes into force.

Read a general overview of the free trade agreement negotiation outcomes.

 

For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:

Doug Zuvich
Partner, Global Practice Leader
T: 312-665-1022
E: dzuvich@kpmg.com

Andy Siciliano
Partner, National Practice Leader
T: 631-425-6057
E: asiciliano@kpmg.com

Irina Vaysfeld
Principal
T: 212-872-2973
E: ivaysfeld@kpmg.com

Robert Waldrop
Principal
T: 212-954-8117 
E: rwaldrop@kpmg.com

Christopher Young
Principal
T: 312-665-3229
E: christopheryoung@kpmg.com

George Zaharatos
Principal
T: 404-222-3292
E: gzaharatos@kpmg.com

John L. McLoughlin
Principal, East Coast Leader
T: 267-256-2614
E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal, WNT
T: 212-954-3094
E: labad@kpmg.com

Amie Ahanchian
Managing Director
T: 202-533-3247
E: aahanchian@kpmg.com

Gisele Belotto
Managing Director
T: 305-913-2779
E: gbelotto@kpmg.com

Andy Doornaert
Managing Director
T: 313-230-3080
E: adoornaert@kpmg.com

Jessica Libby
Managing Director
T: 612-305-5533
E: jlibby@kpmg.com

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