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Korea Us Free Trade Agreement Enters Into Force, Leather Products Imports Increase
Korean KBS News reported that the US International Trade Commission's 21 research report predicted that after the Korea us free trade agreement came into effect, the US export to Korea will increase by 97-109 billion US dollars, and the import from South Korea will increase by 64-69 billion US dollars.
GDP will also increase by 101-119 billion dollars.
The largest areas of export growth are services, agricultural products, machinery, chemical products and pharmaceuticals.
Textile products, clothing, footwear, leather products, electronic products and automobiles are the major products of import.
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