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Bilateral Agreement (Military)

Bilateral Agreement (Military). ROK-US Military Alliance and Expansion of Defense Diplomacy and Cooperation. Bilateral Agreement (Military). ROK-US Military Alliance and Expansion of Defense Diplomacy and Cooperation. Bilateral Agreement (Trade). ROK–US Free Trade Agreement (FTA).

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Bilateral Agreement (Military)

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  1. Bilateral Agreement (Military) ROK-US Military Alliance and Expansion of Defense Diplomacy and Cooperation

  2. Bilateral Agreement (Military) ROK-US Military Alliance and Expansion of Defense Diplomacy and Cooperation

  3. Bilateral Agreement (Trade) ROK–US Free Trade Agreement (FTA) • June 2007: US and ROK signed the Trade Agreement (KORUS FTA) • Provided new market door and level the playing field for US auto makers in ROK • Almost 80% of US exports to Korea of consumer and industrial products will become duty free within 5yrs of that date • For agricultural products, the FTA will immediately eliminate tariffs on a broad range of products, with almost 2/3 (by value) of Korea's agriculture imports from the US becoming duty free • In the area of financial services, the FTA will increase access to the Korean market and ensure greater transparency and fair treatment for US suppliers of financial services. • As the first U.S. FTA with a North Asian partner, the KORUS FTA is a model for trade agreements for the rest of the region, and underscores the US commitment to, and engagement in, the Asia-Pacific region.

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