CRS Issues Report on US-South Korea Trade
The Congressional Research Service on Feb. 3 updated its report on trade with South Korea, outlining how various goods have faired under the U.S.-South Korea free trade agreement. CRS said U.S. exports to South Korea dropped by 15% from 2019…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
to 2020, “in large part due to pandemic-related challenges,” but have been “strong” in sectors with large tariff reductions under the trade agreement, such as beef, fresh fruit and tree nuts. Meanwhile, foreign direct investment from South Korea reached $63.7 billion in 2020, which was more than triple its $19.9 billion level in 2011.