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02-22-2012 - US-Korea FTA to go into effect on March 15

The office of the U.S. Trade Representative has announced that the free trade agreement with Korea that was passed in December will officially take force on March 15.  Here is a link to the USTR’s press release: http://www.ustr.gov/about-us/press-office/press-releases/2012/february/united-states-korea-set-date-entry-force-us-korea.  The agreement was originally signed nearly five years ago. 

From USTR Ron Kirk, “In a few short weeks, the promise of the U.S.-Korea trade agreement – including tens of thousands of export-supported jobs with better wages – will start to come home for American businesses and working families,” said Ambassador Kirk. ”President Obama insisted that we get this agreement right by forging a better deal that led to strong bipartisan support in both houses of Congress. Entry into force of this agreement will open up Korea’s $1 trillion economy for America’s workers, businesses, farmers, and ranchers while also strengthening our economic partnership with a key Asia-Pacific ally.”