Madison International Trade Association: What does the U.S. - Korea Free Trade Agreement mean for your company?
Tue, Sep. 11
11:30am - 2:00pm
Madison Madison West
1313 John Q Hammons Drive, Middleton, WI 53562
Cost of Admission
$25 Special for Members
Even without a free trade agreement, South Korea was the 7th largest trading partner of the United States, buying over $43.5 billion in goods and $17 billion in services in 2011. Korea's average duty on all products before the FTA took effect on March 15, 2012 was 13 percent. Now, 80 percent of U.S. exports can enter Korea duty free. Tariffs will be phased out by 2022, allowing almost 99 percent of U.S. products to enter Korea duty-free. U.S. exports to Korea are estimated be $9.7 to $10.9 billion dollars higher once the FTA is fully implemented.
Attend MITA's September meeting to learn about the Korean market and the competitive opportunities that are now open to U.S. exporters
Our featured speaker, Mr. Eric Sohn is a desk officer at the U.S. Department of Commerce (DOC) in Washington, DC specializing in U.S. trade relations with the Republic of Korea (Korea). He works to solve bilateral trade issues and disputes on behalf of U.S. industry. He is part of a team that frequently advises DOC senior leadership on the U.S.-Korea Trade Agreement and the U.S.-Korea commercial relationship. He has lived and studied in Seoul for a number of years and is conversationally fluent in Korean.
Mr. Sohn will also be joined by a Wisconsin exporter who will relate first-hand experiences of selling in the Korean market.
11:30 am 12:00 pm Registration and networking
12:00 pm 12:30 pm Announcements and Lunch
12:30 pm 2:00 pm Speaker presentations and audience Q&A
2:00 pm Adjourn
Special Price for MITA Members:
MITA members can attend for discounted price of only $25.
Non-members can attend for $40.