KORUS Free Trade Agreement Update

A revised KORUS Free Trade Agreement Goes into Force on January 1, 2019 KORUS, the free trade agreement between South Korea and United States of America, has been revised and in full effect on January 1, 2019 after the two countries began talks on amendments a year ago. According to The Pulse News, “The official […]

UK and USA Negotiations

Future Free Trade Agreement According to The Hill, “U.K. is on track to officially exit the EU in March 2019.”  In fact, President Trump believes that a deal between the U.S. and U.K. can be struck within three to nine months.  “While EU law prevents the UK from concluding a deal with the US before […]

U.S. and Korea Update Free Trade Agreement

A new KORUS Earlier this year the U.S. and Korea agreed to amend and modify The U.S.-Korea Free Trade Agreement. The U.S.-Korea Free Trade Agreement originally entered into force on March 15, 2012.  In 2016, Korea was our 6th largest goods trading partner with $112.2 billion in total (two way).  Korea was the United States’ 7th largest goods export market […]

Dominican Republic Apparel Import Program Set to Expire this Year

Expires December 1, 2018 According to Office of Textiles and Apparel (OTEXA), which is housed under The International Trade Association,  The Dominican Republic Earned Import Allowance Program is scheduled to expire Dec. 1 after being in effect for ten years.  The Dominican Republic 2 for 1 Earned Import Allowance Program (DR 2-for-1 Program) is part […]

Canada European Free Trade Agreement

What does it mean for U.S. shippers? If a U.S. organization is currently buying from Europe and shipping to Canada, the organization can ship directly to their client in Canada and avoid duties! On February 15th, 2017 the European Union’s parliament approved a landmark free trade agreement with Canada.  There is no actual date of implementation […]

European Union and Mexico Accelerate Free Trade Agreement Talks

European Union and Mexico Accelerate Free Trade Agreement Talks According to the European Commission, the EU and Mexico will initiate trade negotiations April 3-7 and June 26-29, 2017.  The meetings will take place in Mexico City, Mexico. In a joint statement following a phone call between EU’s Commissioner for Trade and Mexico’s Minister of Economy Guajardo, […]

USTR Highlights Benefits of U.S.-Korea FTA on Fourth Anniversary

USTR Highlights Benefits of U.S.-Korea FTA on Fourth Anniversary Excerpt from: Sandler, Travis & Rosenberg Trade | March 21, 2016 The Office of the U.S. Trade Representative on March 15 issued a fact sheet highlighting the many benefits that the U.S.-Korea Free Trade Agreement continues to provide four years after it entered into force to […]

Brazil, U.S. Council push for Brazil Free Trade Agreement

Brazil, U.S. Council push for Brazil Free Trade Agreement According to American Shipper, “With the Obama administration trying to round up votes in Congress to ratify the 12-nation Trans-Pacific Partnership Agreement and engaging in talks with the European Union to reduce barriers to transatlantic trade and investment, the Brazil-U.S. Business Council said a Brazil free […]

China and Australia Formally Sign Free Trade Agreement

China and Australia Formally Sign Free Trade Agreement Excerpt from: The Guardian| June 22 2015 Deal aims to remove barriers to exports but Australian opposition vows to scrutinise detail on settling disputes China and Australia have signed a trade agreement that is set to increase market access for Australian beef and wine exporters while boosting Chinese […]

Vietnam, South Korea seal FTA, target doubling of trade

Vietnam, South Korea seal FTA, target doubling of trade Excerpt from: Reuters | By: Ho Binh Minh | May 05 2015   Vietnam signed a free trade agreement (FTA) with South Korea which is expected to boost its exports to the Korean market and more than double bilateral trade over the next five years, the Vietnamese […]