On January 23rd in Washington, representatives of the US and Korean governments signed an agreement on environmental cooperation that is intended to be a partner agreement to the Korea-US Free Trade Agreement ratified last year. The purpose of the new agreement is to ensure that increases in trade and industry that will result from the FTA do not have a negative impact on the environment. Robert Hormats, the signatory from the US and the State Department’s Under-secretary for Economic, Energy and Agricultural Affairs, also used the opportunity to highlight America’s attendance to the 2012 World Expo in Yeosu, Korea, later this year, which will have an environmental theme.
Trade
Electric vehicle technology on display at a car show in Seoul. Image courtesy of korea.net - official website of the Republic of Korea