2024.04.05
AMCHAM Engages in Dynamic Dialogue on
Trade Enforcement Policies and Trends with U.S. CBP and KCS
Facilitating Bilateral Trade: AMCHAM Collaborates with KITA in Joint Trade & Customs Seminar
AMCHAM Chairman & CEO James Kim said, “ Under President Biden and President Yoon, we have witnessed the U.S.-ROK relations reaching unprecedented heights. Bilateral trade and investments have surged, with Korea emerging as the top investor in the U.S. since 2021 and the U.S. becoming the primary export market to Korea as of December last year.” He continued, “CBP and KCS play a critical role in ensuring that trade, especially between the U.S. and Korea, continues to be reliable and fair.”
He added, “Companies operating globally need to stay updated about these regulations. We should take proactive measures to ensure that we are complying with changing regulatory requirements and following best practices. AMCHAM will continue to do our best to strengthen the U.S.-Korea trade partnership and assist not only American companies in Korea but also Korean companies expanding into the U.S.”
Lee Chul-hun, Director of External Relations Division of Korea Customs Service, said, “The KORUS FTA, celebrating its 12th anniversary this year, stands out as the most significant and successful agreement among the 21 FTAs signed by Korea over the past two decades.” He continued, “This achievement owes much to the close collaboration between the public and private sectors, including import and export firms, government agencies such as customs authorities of both nations, and various related entities.”
He added, “KCS recently introduced Smart Innovation strategies in February to adapt to the dynamic trade landscape, aiming to establish both a 'Safer KCS' and a 'More Convenient KCS.'” He emphasized, “We are dedicated to ensuring ongoing communication within the trade industry and fostering robust collaboration with key partners, including the United States.”
After a brief introduction by Katrina Chang, Senior Advisor at Kim & Chang and Co-chair of the AMCHAM Trade & Customs Committee, the seminar began with presentations by representatives from CBP.
Raymond Irizarry, Director of Textiles & Trade Agreement Division at the Office of Trade at Customs and Border Protection (CBP), delivered an overview of CBP’s Green Trade Strategy. He said, “Since the U.S.– Korea Free Trade Agreement went into effect 12 years ago, our countries have demonstrated tremendous partnership and resilience in the face of evolving and unprecedented challenges. CBP looks forward to strengthening our relationship with Korea in the years to come as we work together to level the playing field for compliant traders and to increase economic growth for both of our nations.”
Katie Woodson, Assistant Director of Forced Labor Division at the Office of Trade at U.S. Customs and Border Protection (CBP), shared an update on UFLPA and Forced Labor Enforcement Trends.
Following presentations from Foreign Attorney Bae Hyo Jin at Kim & Chang on the topic “Forced Labor Regulations in Other Jurisdictions,” Korea Customs Service presented topics that import/export companies would be interested in, such as “KCS's Enforcement Strategy for E-commerce and IPR Protection” (Jeon DuHan, Deputy Director, Investigation Planning Division), “KCS's 2024 Audit Work Plan"(Moon Ahyoung, Deputy Director, Post-Clearance Audit Division), and “Overview of Foreign Exchange Transactions and Compliance Program” (Kwon ByeongHak, Deputy Director, Financial Investigation Division).
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주한미국상공회의소, 美 CBP · 韓 관세청 초청
‘한∙미 합동 관세정책 세미나’ 한국무역협회와 공동 개최
CBP 친환경 무역정책 및 美 위구르 강제노동 방지법 등
한·미 관세행정 최신 동향 및 주요 정책에 대한 심도 깊은 이해를 통해 한·미 양국간 무역 촉진 도모