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KORUSSince 20122 members

United States-Korea Free Trade Agreement

In force since 2012

Scope

Bilateral free trade agreement between the US and South Korea covering goods, services, investment, and intellectual property.

Tariff Impact

Eliminates tariffs on over 95% of bilateral trade in goods, with most industrial tariffs removed immediately and agricultural tariffs phased out over 15 years.

Member Countries (2)

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All members

South Korea

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Compare MFN and preferential tariff rates for KORUS member countries at the HS 6-digit level.

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