
U.S. Secretary of State Hillary Rodham Clinton shakes hands with Korean Foreign Minister Kim Sung-Hwan after a signing ceremony at the U.S. Department of State in Washington, D.C., on June 24, 2011. [State Department photo/ Public Domain
ST. PAUL (March 13, 2012) — A new trade agreement that goes into effect this week will increase trade opportunities for Minnesota companies that send exports to South Korea.
Under the United States-Korea Free Trade Agreement, nearly 80 percent of U.S. exports of consumer and industrial products to South Korea will become duty free, effective March 15. Nearly 95 percent of the products exchanged by the two countries will become duty free within five years, and most remaining tariffs will be eliminated within 10 years.








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