WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai said on Tuesday that the decade-old U.S. Korea Free Trade Agreement (KORUS) did much to expand autos and agricultural trade with South Korea, but suffered some difficulties in its implementation.
Tai said in remarks prepared for a U.S. Chamber of Commerce event that there was more work to do to increase opportunities to increase automotive and agricultural trade with South Korea.
“Over the last decade, the value of the goods and services we have exported to Korea has grown by over 17 percent to nearly $70 billion,” Tai said. “Along with the successes of the agreement, we have also grappled with disappointments and challenges in its implementation.”
(Reporting by David Lawder and Andrea Shalal)
