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PacNet #66 – Moving the KORUS FTA Forward in a Time of Economic Uncertainty

Despite the clear benefits of the Korea-U.S. Free Trade Agreement (KORUS FTA) for the U.S. and South Korea, it has been stalled for nearly 18 months due to disputes over U.S. beef and the sale of U.S. autos in Korea. While the difficulties over beef have largely been resolved, the financial crisis and the economic recession in the U.S. have further clouded the agreement’s prospects.