By Don Southerton, Editor KoreaLegal.org
We seen more progress this week on the KORUS FTA. Along with US Trade Representative Ron Kirk testifying before the Senate’s Ways and Mean Committee, but documents were exchanged between both governments.
DATE: Thursday, February 10, 2011
On February 10, 2011, the United States and Korea exchanged the legal texts – signed by U.S. TradeRepresentative Ron Kirk and Korean Trade Minister Kim Jong-Hoon – reflecting the agreement they concluded on December 3, 2010 to set the stage for Congressional consideration of KORUS.
The signed texts consist of three documents: (1) an exchange of letters between Ambassador Kirk and Minister Kim containing new commitments for the automotive sector, (2) agreed minutes on regulations pertaining to automotive fuel economy and greenhouse gas emissions, and (3) agreed minutes on intracompany transferee (L-1) visas. USTR has posted the texts on its web site at the following links:
Source: U.S.-Korea FTA Business Coalition