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Korea Free Trade Agreement

Note: On March 6, 2012, President Obama issued a proclamation regarding implementation of the United States-Korea Free Trade Agreement, which entered into force on March 15, 2012. The proclamation authorized changes in the U.S. Harmonized Tariff Schedule and Rules of Origin. View Modifications to Harmonized Tariff Schedule of the United States to Implement the United States-Korea Free Trade Agreement (pdf).

Preamble

1. Initial Provisions and Definitions

2. National Treatment and Market Access for Goods

     .  Annex 2-A: National Treatment and Import and Export Restrictions

     .  Annex 2-B: Tariff Elimination

3. Agriculture

     .  Annex 3-A: Agricultural Safeguard Measures

4. Textiles and Apparel

     .  Annex 4-A: Specific Rules of Origin for Textile and Apparel Goods

     .  Annex 4-B: Fibers, Yarns, and Fabrics Not Available in Commercial Quantities

     .  Appendix 4-B-1: Fibers, Yarns, and Fabrics Not Available in Commercial Quantities

     .  Confirmation Letter (Fibers, Yarns, and Fabrics Not Available in Commercial Quantities)

5. Pharmaceuticals and Medical Devices

     .  Confirmation Letter (Independent Review Body)

6. Rules of Origin and Origin Procedures

     .  Annex 6-A: Specific Rules of Origin

     .  Appendix 6-A-1: Correlation Table for Footwear

     .  Annex 6-B: Exceptions to Article 6.6

7. Customs Administration and Trade Facilitation

8. Sanitary and Phytosanitary Measures

9. Technical Barriers to Trade

     .  Annex 9-A: Committee on Technical Barriers to Trade

     .  Annex 9-B: Automotive Working Group

     .  Confirmation Letter (Specific Autos Regulatory Issues)

10. Trade Remedies

11. Investment

     .  Annex 11-A: Customary International Law

     .  Annex 11-B: Expropriation

     .  Annex 11-C: Service of Documents on a Party under Section B

     .  Annex 11-D: Possibility of a Bilateral Appellate Mechanism

     .  Annex 11-E: Submission of a Claim to Arbitration

     .  Annex 11-F: Taxation and Expropriation

     .  Annex 11-G: Transfers

     .  Confirmation Letter (Property Rights)

12. Cross-Border Trade in Services

     .  Annex 12-A: Professional Services

     .  Appendix 12-A-1: Sectors for Mutual Recognition and Temporary Licensing

     .  Annex 12-B: Express Delivery Services

     .  Annex 12-C: Consultations Regarding Non-Conforming Measures Maintained by a Regional Level of Government

     .  Confirmation Letter (Understandings of Both Sides)

     .  Confirmation Letter (Gambling)

     .  Confirmation Letter (Express Delivery Services - Amendment)

     .  Confirmation Letter (Express Delivery Services - Reform)

     .  Confirmation Letter (Telecommunications)

13. Financial Services

     .  Annex 13-A: Cross-Border Trade

     .  Annex 13-B: Specific Commitments

     .  Annex 13-C: Financial Services Committee

     .  Annex 13-D: Supply of Insurance by the Postal Services to the Public

     .  Confirmation Letter (Cross-Border Financial Services)

14. Telecommunications

     .  Annex 14-A

     .  Annex 14-B

15. Electronic Commerce

     .  Confirmation Letter (Access to and Use of the Internet)

16. Competition-Related Matters

17. Government Procurement

     .  Annex 17-A: Government Procurement Annex

18. Intellectual Property Rights

     .  Confirmation Letter (Limitations on Liability for Internet Service Providers)

     .  Confirmation Letter (Promoting Protection and Effective Enforcement of Copyrighted Works)

     .  Confirmation Letter (Online Piracy Prevention)

     .  Confirmation Letter (Disputes Involving Patent Linkage)

19. Labor

     .  Annex 19-A: Labor Cooperation Mechanism

     .  Confirmation Letter (Public Communication)

20. Environment

     .  Confirmation Letter (Public Participation)

     .  Confirmation Letter (Equivalence in Environmental Laws)

21. Transparency

     .  Confirmation Letter (Publication)

22. Institutional Provisions and Dispute Settlement

     .  Annex 22-A: Alternative Procedures for Disputes Concerning Automotive Products

     .  Annex 22-B: Committee on Outward Processing Zones on the Korean Peninsula

     .  Annex 22-C: Joint Fisheries Committee

23. Exceptions

24. Final Provisions

Annex I: Non-Conforming Measures for Services and Investment

     .  Annex I Formatting Note

     .  Korea Annex I

     .  U.S. Annex I

Annex II: Non-Conforming Measures for Services and Investment

     .  Annex II Formatting Note

     .  Korea Annex II

     .  U.S. Annex II

Annex III: Non-Conforming Measures for Financial Services

     .  Korea Annex III (with Formatting Note)

     .  U.S. Annex III (with Formatting Note)

General Notes, Tariff Schedules, and TRQ Annexes

     .  Korea General Notes

     .  Korea TRQ Appendix (2-B-1)

     .  Korea Tariff Schedule

     .  U.S. General Notes

     .  U.S. TRQ Appendix (2-B-1)

     .  U.S. Tariff Schedule

Legal Texts reflecting December 3, 2010 Agreement

     .  Exchange of Letters between U.S. Trade Representative Ron Kirk and Korean Trade Minister
        Kim Jong-Hoon (includes English translation)

     .  Agreed Minutes on regulations pertaining to automotive fuel economy and greenhouse gas
        emissions

     .  Agreed Minutes on intracompany transferee (L-1) visas

Exchange of Letters Establishing KORUS Working Group on SMEs and Committee on Services & Investment

     .  Letter from Minister Kim to Ambassador Kirk regarding the Committee on Services and
        Investment under the United States-Korea (KORUS) Trade Agreement

     .  Letter from Ambassador Kirk to Minister Kim regarding the Committee on Services and
        Investment under the United States-Korea (KORUS) Trade Agreement

Working Group on Small and Medium Sized Enterprises (SMEs):

     .  Letter from Minister Kim to Ambassador Kirk regarding the Working Group on Small and
        Medium Sized Enterprises (SMEs) under the United States-Korea (KORUS) Trade Agreement

     .  Letter from Ambassador Kirk to Minister Kim regarding theWorking Group on Small and
        Medium Sized Enterprises (SMEs) under the United States-Korea (KORUS) Trade Agreement


TANC offers these agreements electronically as a public service for general reference. Every effort has been made to ensure that the text presented is complete and accurate. However, copies needed for legal purposes should be obtained from official archives maintained by the appropriate agency.