foreign-policy

Three Promising Areas for Greater U.S.–South Korean Economic Cooperation

The United States and South Korea have put into place a framework for fruitful economic partnerships that are delivering measurable, concrete benefits for Americans and Koreans alike. Dynamic trade and investment activities have deepened and broadened the economic relationship, and the two longtime allies have much to gain if their governments work together to reinforce the values of open markets and free trade. The next U.S. Administration and Congress should continue to advance U.S.–South Korean economic relations, particularly by focusing on (1) the timely fulfillment of commitments made in the U.S.–Korea Free Trade Agreement (KORUS FTA); (2) energy trade; and (3) strategic development engagement with countries in the developing world to enhance economic freedom.

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