South KoreaUSA

Revised U.S.-Korea Free Trade Agreement Is Not What Was Promised

NOVANEWS

For Immediate Release

Organization Profile:
Contact:
Ufuoma Otu, (202) 454-5108, [email protected]; Matthew Groch, (202) 454-5111, [email protected]
Statement of Lori Wallach, Director, Public Citizen’s Global Trade Watch
WASHINGTON – Note: U.S. President Donald Trump and South Korean President Moon Jae-in today signed the revised U.S.-Korea Free Trade Agreement (KORUS).
“Without the promised new terms to stop unfair trade advantages based on currency misalignments, and with the continuation of controversial foreign investor protections, there are few changes to an agreement that Trump called “horrible,” “unacceptable” and a “job killer.” This outcome does not represent the promised replacement of the old, failed trade agreement model.”

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