U.S. - KOREA Free Trade Agreement

Come learn how your company can benefit from the new Free Trade Agreement (FTA) with Korea! Under the new U.S.-Korea Free Trade Agreement (KORUS) nearly 95% of bilateral trade in consumer and industrial products will become duty free within 5 years of the date the FTA enters into force. Most remaining tariffs will be eliminated within 10 years. The U.S. International Trade Commission estimates the reduction on goods alone will add $10 billion to $12 billion annually to U.S. GDP and around $10 billion to annual exports to Korea. Find out what this means for your company and your products! Key Topics: • FTA Benefits • U.S. Korea Trade Opportunities • Country Overview • Helpful Resources • Next Steps Pre-registration is required. Please make your check payable to RISBDC or call (401) 598-2702 for credit card payment.

Speaker(s): Wonchang La- We are privileged to have Wonchang La, First Secretary for Economic affairs from the Embassy of the Republic of Korea as a speaker for this event. Mr. La will describe the current domestic market and business environment in Korea, the bilateral trade and economic relationship between the U.S. and Korea and the benefits of KORUS across various sectors including manufacturing and services. Mr. La has been stationed at the Embassy of the Republic of Korea in Washington, DC since early 2010. Since joining the Ministry of Foreign Affairs and Trade in 1997, he has served in numerous government positions. He holds a BA in History from the University of California Los Angeles. Eric Sohn- Eric Sohn is a desk officer at the U.S. Department of Commerce (DOC) in Washington, DC, specializing in U.S. trade relations with the Republic of Korea. He works to solve bilateral trade issues and disputes on behalf of U.S. industry and frequently advises DOC senior leadership on the U.S.-Korea Trade Agreement and U.S.

Co-Sponsor(s): Rhode Island Economic Development Corporation, Rhode Island Small Business Development Center, The John H. Chafee Center for International Business at Bryant University.

Presented By: Embassy of the Republic of Korea U.S. Department of Commerce Liberty International Eligible RI small businesses may receive funding to cover the program fee from the RI State Trade and Export Promotion (STEP) program. For more information on STEP, contact The Chafee Center at: (401) 232-6525 .

Fee: $ 50.00