Invest KOREA

A trade mission from 70 U.S. companies visited Korea and had consultations with Korean companies last week, according to the Korea International Trade Association (KITA).

The visit was supported by the Trade Winds program, introduced by the United States Department of Commerce (DOC) in 2008. The term Trade Winds comes from the easterly surface winds found in the tropics that established trade routes across the Atlantic and Pacific Oceans.

The DOC selected Korea for the Trade Winds destination this year following Turkey, Poland, Brazil, Mexico and Singapore.

The decision was backed as Korea and the United States celebrated the first anniversary of the effectuation of the Korea-U.S. free trade agreement and the 60th anniversary of the American Chamber of Commerce in Korea, said a KITA official.

The trade mission was the largest in history representing U.S. companies’ interest in trading with Korea.

The visit will serve as a catalyst for trade between Korea and the United States, said a KITA official.

Source Text

Source: Yonhap News (May 15, 2013)

** This article was translated from the Korean.