Free Trade

Exporting from U.S. to Korea – Duty Free!

The United States and South Korea are strongly allied in foreign affairs and commercial trade.  Pursuant to Section 517 of the Foreign Assistance Act of 1961, South Korea is designated as a major non-NATO ally for purposes of the Foreign Assistance Act of 1961 and the Arms Export Control Act.  The United States and South Korea are also trade partners under United States Free Trade Agreement (also known as the “KORUS FTA”).  Under the KORUS FTA, many U.S. exports to South Korea receive duty-free treatment.  This is a great opportunity for both countries that exporters exploring foreign markets should consider.  See the USTR website for more information…

Categories: Free Trade

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