Korea-US Free Trade Agreement

On June 30, 2007, the governments of Korea and the United States signed the Korea-US Free Trade Agreement. Like other recent free trade agreements, the Korean FTA includes intellectual property provisions that exceed WTO rules on patents and registration data, designed to delay the entry of generic drugs into the Korean market. Additionally, the Korea-US FTA includes a chapter on pharmaceuticals and medical devices which imposes rules on the reimbursement of drugs under Korea's national insurance. To take effect, the Korus FTA must now be ratified by legislatures in Korea and the US, but it remains controversial in both nations.

 

PIJIP Documents

 

US Governmet Documents

 

Civil Society Documents