CIAO DATE: 12/2010
October 2010
Peterson Institute for International Economics
The KORUS FTA was signed on June 30, 2007, but has not yet been sent to Congress for ratification. US concerns about auto and beef trade are the main stumbling blocks. At the Toronto G-20 Summit in June 2010, Presidents Obama and Lee Myung Bak tasked their officials to find solutions by the November Seoul G-20 Summit. If a deal is struck, implementing legislation could be submitted to Congress in early 2011.
Resource link: Prospects for Implementing the Korea-US Free Trade Agreement [PDF] - 183K