1. Free-Trade Deal Reached Between South Korea and U.S.
... further work on the three-year old trade talks between South Korea and the United States. The free trade deal has been modified to incorporate certain provisions that were not included in the original pact in 2007 (Wolf). These changes improve the ... trade deal includes provisions on auto imports, exports and tariffs, the major stumbling blocks from previous negotiations that prevented the president from signing a revised treaty earlier. The agreement requires South Korea to cut its 8% tariff on U.S. automobiles in half and eliminate it in five years. The U.S. would be allowed to keep...
- Word Count: 760
- Approx Pages: 3
- Has Bibliography
- Grade Level: High School