Free Trade Agreement Mexico Korea

21 Sep 2021

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Free Trade Agreement Mexico Korea

Mexico and Uruguay began implementing their free trade agreements in July 2004 and have deepened an existing agreement. In addition to opening up trade markets, the Free Trade Agreement includes, inter alia, provisions on services, investment, intellectual property rights, dispute settlement procedures, government procurement, rules of origin and customs procedures. Shortly thereafter, Korea closed its domestic procedure for implementing the amended KORUS and, on the 7th The National Assembly ratified the agreement by 180 votes to 5 to support the agreement by 19 abstentions17 Although the Koreans hinted that in exchange for their approval of the new KORUS, they would request a waiver of the Trump administration`s possible tariffs under Section 232 on all automobiles, the legislation has been finalised without addressing it18. The magnitude of the revisions and the absence of amendments to the U.S. Statutes does not require a vote in Congress.