Canada Wood Today | The Canada Wood Group

Korea-U.S. FTA ratified

Tai Jeong

By Tai Jeong

Country Director, Canada Wood Korea

November 23, 2011

The National Assembly on November 22nd passed the long-pending Korea-U.S. free trade agreement, with the ruling Grand National Party pressing ahead with the ratification process despite vehement objection from opposition parties. The Korean Chamber of Commerce and Industry expect that the FTA will build an economic highway with the U.S. and that Korea will become the center of free trade connecting three continents – Europe, Asia and North America.