[1rudeboy]

95 percent of U.S. goods shipped to S. Korea will become duty-free within 5 years.

Read it and weep, protectionists. Then read it again.

[algernonpj]

>95 percent of U.S. goods shipped to S. Korea will become duty-free within 5 years.

Read it and weep, protectionists. Then read it again.

Of course what you are not told here is that Korea will still use it's 10% VAT against US goods.

Korea will remove the 10% vat tax from goods exported to the US and add a 10% VAT tax on goods imported to Korea from the US.