Identifying Markets with South Korea
South Korea is an important Free Trade Agreement (FTA) market for companies in the Greater Philadelphia Region. As a fellow world trade center, World Trade Center of Greater Philadelphia is particularly pleased to work with the Korea International Trade Association (KITA) and World Trade Center Seoul in identifying best strategies to grow business for the companies collectively being served and expanding overall trade and investment for the Greater Philadelphia Region.
U.S. - Korea Free Trade Agreement
The United States and the Republic of Korea signed the United States-Korea Free Trade Agreement (KORUS FTA) on June 30, 2007. On December 3, 2010, the United States and Korea concluded new agreements, reflected in letters signed on February 10, 2011, that provide new market access and level the playing field for U.S. auto manufacturers and workers. Congress approved the agreement on October 12, 2011, and Korea’s National Assembly approved it on November 22, 2011. The United States and Korea completed their review of the measures both sides had taken to implement the FTA and exchanged diplomatic notes on February 21 agreeing to bring the agreement into force on March 15, 2012. Full Background (via ustr.gov)
World Trade Center of Greater Philadelphia News
Recent visit by KITA and WTC Seoul highlights commercial and cultural opportunities with Philadelphia
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