South Korea’s parliament passed the renegotiated U.S.-South Korea trade agreement, setting up a process for implementation on Jan. 1, 2019, according to the trade ministry.
- Parliament completed all the domestic procedures for the Korus pact to take effect, according to the trade ministry statement.
- The Korean government will work with the U.S. to ensure the implementation of the agreement on Jan. 1, as agreed, the South Korean ministry says.
- The new deal includes updates for auto market access, investment rules and currency transparency.
- NOTE: South Korean President Moon Jae-in and President Donald Trump signed an updated trade pact in September ...