International Trade and Customs

By: Susan Kohn Ross
Mitchell Silberberg & Knupp LLP (Los Angeles, California, USA)

On Thursday, March 15, 2012, the US-Korea Free Trade Agreement was implemented in both the U.S. and Korea. While the agreement has generally gone by the acronym KORUS

, documentation from Customs and Border Protection (CBP) refers to it as the UKFTA. The final text of the agreement can be found at US - Korea FTA Final Text. Implementation was triggered by Presidential Proclamation 87873 issued on March 6, 2012. Interim regulations were published in the Federal Register on March 19, 2012. See KORUS Interim Regulations. Click here to read entire article.