WTO | Regional trade agreements

Korea, Republic of - United States

Basic InformationWTO Consideration ProcessRTA ProvisionsTrade-related dataRTA Changes

Agreement name:	Korea, Republic of - United States
Coverage:	Goods & Services	Type:	Free Trade Agreement & Economic Integration Agreement
Status:	In Force	Notification under:	GATT Art. XXIV & GATS Art. V
Date of signature:	30-Jun-2007	Date of notification:	15-Mar-2012
Date of entry into force:	15-Mar-2012	End of implementation period:	2041
Current signatories:	Korea, Republic of; United States of America
Original signatories:	Korea, Republic of; United States of America
RTA Composition:	Bilateral
Region:	East Asia; North America
All Parties WTO members?	Yes	Cross-Regional:	Yes

Official Web Address

Republic of Korea, Ministry of Foreign Affairs
Office of the United States Trade Representative

Text of the agreement

Text of the agreement	E

Annexes & related documents

Annexes	E

Consideration status (G):

Factual Presentation issued

Consideration status (S):

Factual Presentation issued

Date of Consideration (G):

10-Nov-2014

Date of Consideration (S):

10-Nov-2014

Early announcement

		Date of signature:	30-Jun-2007

Related documents

Document series: WT/REG311

Document type	Symbol	Language
Notification (G)	WT/REG311/N/1	E F S
Notification (S)	S/C/N/621	E F S
Factual Presentation (G&S)	WT/REG311/1	E F S
Questions and Replies	WT/REG311/2	E F S
Questions and Replies	WT/REG311/2/Add.1	E F S
Questions and Replies	WT/REG311/2/Add.2	E F S
Questions and Replies / Notification of Changes	WT/REG311/3	E F S
Note on the Meeting of the CRTA	WT/REG311/M/1	E F S
Notification of changes (G)	WT/REG311/N/1/Add.1	E F S
Notification of changes (S)	S/C/N/621/Add.1	E F S

Document type	Language
Factual Presentation (G & S)	E F S

RTA Provisions Glossary

For details on these provisions, please consult the Glossary.

Last modified on: 14/05/2019

Topics
	All tariffs eliminated at end of implementation by at least one Party
	Tariff Rate Quotas (TRQ)
	All quantitative import restrictions prohibited
	Rules of Origin (RoO)
		Change of Tariff Classification Criteria (CTC)
		Regional Value Content Criteria (RVC)
		Other Criteria(s)
		De minimis rules
		Outward-processing allowed
		Cumulation among Parties
	All Export Duties and Charges prohibited
	Sanitary and Phytosanitary measures (SPS)
		Specifically reaffirms or incorporates WTO SPS Agreement
		Transparency obligations (SPS)
		Dispute Settlement not applicable (SPS)
	Technical regulations, standards, technical barriers to trade (TBT)
		Specifically reaffirms or incorporates WTO TBT Agreement
		Transparency obligations (TBT)
		Mandatory recognition of technical regulations
		Harmonization/alignement of TBT measures at the bilateral/regional level
	Safeguard Mechanisms (Goods)
		Specifically reaffirms or incorporates WTO Safeguard Agreement
		Exclusion of an RTA party in global safeguard action
		RTA-specific safeguard measures permitted in the transition period or shortly thereafter
		RTA-specific safeguard measures always permitted
		Special safeguard in Agriculture
		Special safeguard in Textiles
	Anti-Dumping measures
		Specifically reaffirms or incorporates WTO Agreement on Anti-Dumping
		Dispute Settlement not applicable (Anti-Dumping measures)
	Countervailing measures
		Specifically reaffirms or incorporates WTO Agreement on Subsidies and Countervailing measures
		Dispute Settlement not applicable (Countervailing measures)
	Sector-specific chapter/section or other legal instrument (Goods)
	Denial of benefits
	Services
		Hybrid structure (Services)
		Standstill provision (Services)
		Ratchet provision (Services)
		MFN provision (Services)
	Rendez-Vous/Review/Evolutionary clause (services)
	Investment Liberalization Provisions
		MFN provision (Investment)
		National Treatment with regard to the entry of investment (establishment)
		Investment liberalization
	Other Investment Provisions
		Investment Protection
		Investor to State Dispute Settlement (ISDS) included
	Provisions on capital transfers


	Domestic Regulation
	Mutual Recognition
	Movement of Natural Persons
	Sector-specific chapter/section or other legal instrument (Services)
	General Exceptions
	Security Exceptions
	Accession
		Accession open to all third parties
	Dispute Settlement (DS)
		Ad hoc Adjudicative Process
		Choice of forum
		Exclusive use of forum chosen
		Provision for financial compensation
	Government procurement
	All Parties are party to the WTO Agreement on Government Procurement (GPA) at entry into force
	Intellectual property rights
		Specifically reaffirms or incorporates WTO TRIPS Agreement
		Copyrights and neighbouring rights
		Patent
		Trademarks
		Industrial Designs
		Geographical Indications (GIs)
		Enforcement
	Competition
		Adopts or maintains competition law
		Dispute Settlement not applicable (Competition)
	Provisions on designated monopolies or State Owned Enterprises (SOEs)
	Environment
		No relaxation of environmental laws
		Public participation / consultations provisions
		Dispute Settlement not applicable (Environment)
	Labour
		No relaxation of labour laws
		Dispute Settlement not applicable (Labour)
	Small and Medium-Sized Enterprises (SMEs)
		Cooperation
		Exceptions/exemptions
		Transparency provisions
	E-Commerce
		Customs duty exemption for Digital Products Transmitted Electronically
		Internal taxes permitted for digital products
		Consumer protection provisions
		Paperless trading or e-signatures

Document title
Republic of Korea
United States
United States-Republic of Korea (Services)

Notification of changes

Parties concerned:	Korea, Republic of, United States of America	Changes affect:	Goods & Services
Date of signature of changes:	24-Sep-2018	Date of notification of changes	06-Mar-2019
Date of entry into force of changes:	01-Jan-2019
Remarks:	The Government of the United States of America and the Republic of Korea, parties to the Free Trade Agreement between the United States of America and the Republic of Korea (notified to the Committee on Regional Trade Agreements on March 15, 2012), acting in accordance with Article 24.2 of the Agreement, on September 24, 2018 agreed to amend certain provisions of the Agreement. The modifications and clarifications relate to tariff elimination schedules, non-tariff measures in the automotive sector, and provisions regarding investment and trade remedies.

Related documents

Notification of changes (G)	WT/REG311/N/1/Add.1	E F S
Notification of changes (S)	S/C/N/621/Add.1	E F S

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