“ The base rate of customs duty and staging category for determining the interim rate of customs duty at each stage of reduction for an item are indicated for the item in each Party’s Schedule.
3.
Interim staged rates shall be rounded down, at least to the nearest tenth of a percentage point or, if the rate of duty is expressed in monetary units, at least to the nearest tenth of one U.S. cent in the case of the United States and the nearest Korean won in the case of Korea. ”

“ TEMPORARY ADMISSION OF GOODS
1.
Each Party shall grant duty-free temporary admission for the following goods, regardless of their origin:
(a)
professional equipment, including equipment for the press or television, software, and broadcasting and cinematographic equipment, necessary for carrying out the business activity, trade, or profession of a person who qualifies for temporary entry pursuant to the laws of the importing Party;
(b)
goods intended for display or demonstration; (c)
commercial samples and advertising films and recordings; and (d)
goods admitted for sports purposes. ”

“ Neither Party may adopt any new waiver of customs duties, or expand with respect to existing recipients or extend to any new recipient the application of an existing waiver of customs duties, where the waiver is conditioned, explicitly or implicitly, on the fulfillment of a performance requirement. ”

“ Korea: (a)
shall amend the Special Consumption Tax, established under Article 1 of
the Special Consumption Tax Act, to provide that:
(i)
vehicles with engines of 1000 cubic centimeters (ccs) or less are not taxed, vehicles with engines of between 1001 ccs and 2000 ccs are taxed at a single rate of no more than 5 percent,3 and vehicles with engines of more than 2000 ccs are taxed at a single rate of no more than 8 percent; and
(ii)
within 3 years of the date this Agreement enters into force, vehicles with engines of more than 1000 ccs are taxed at a single rate of no more than 5 percent ”

“ Each Party shall adopt and maintain procedures providing for the expeditious release of goods admitted under this Article. To the extent possible, such procedures shall provide that when such a good accompanies a national or resident of the other Party who is seeking temporary entry, the good shall be released simultaneously with the entry of that national or resident. ”

“ Desiring to raise living standards, promote economic growth and stability, create new employment opportunities, and improve the general welfare in their territories by liberalizing and expanding trade and investment between their territories ”

“ Joint Committee means the Joint Committee established under Article 22.2 (Joint Committee) ;
measure includes any law, regulation, procedure, requirement, or practice; national means:
(a)
with respect to Korea, a Korean national within the meaning of the Nationality Act;2 and
(b)
with respect to the United States, “national of the United States” as defined in the Immigration and Nationality Act;
originating means qualifying under the rules of origin set out in Chapter Four (Textiles and Apparel) or Six (Rules of Origin and Origin Procedures) ;
person means a natural person or an enterprise ”

“ For purposes of paragraph 6, distributor means a person of a Party who is responsible for the commercial distribution, agency, concession, or representation in the territory of that Party of goods of the other Party. ”

“ The treatment to be accorded by a Party under paragraph 1 means, with respect to a regional level of government, treatment no less favorable than the most favorable treatment that regional level of government accords to any like, directly competitive, or substitutable goods, as the case may be, of the Party of which it forms a part. ”

“ National Treatment and Import and Export Restrictions Articles 2.2 and paragraphs 1 and 2 of Article 2.8 shall not apply to:
(a)
any action authorized by the Dispute Settlement Body of the WTO; and
(b)
any measure that Korea applies to address market disruption pursuant to procedures that have been incorporated into the WTO Agreement.
Section B: Measures of the United States
Articles 2.2 and paragraphs 1 and 2 of Article 2.8 shall not apply to: (a)
any control on the export of logs of all species ”

“ Desiring to strengthen the development and enforcement of labor and environmental laws and policies, promote basic workers’ rights and sustainable development, and implement this Agreement in a manner consistent with environmental protection and conservation ”

“ Duties shall be reduced by an additional five percent of the base rate on January 1 of year two, by an additional seven percent of the base rate on January 1 of year three, and by an additional seven percent of the base rate each year thereafter through year five. Duties shall be reduced by an additional ten percent of the base rate on January 1 of year six and by an additional ten percent of the base rate on January 1 of year seven. ”

“ Committed to furthering their economic leadership in the Asia Pacific region, in particular by seeking to reduce barriers to trade and investment in the region;
HAVE AGREED as follows:
Initial Provisions and Definitions ARTICLE 1.1: ESTABLISHMENT OF A FREE TRADE AREA
Consistent with Article XXIV of GATT 1994 and Article V of GATS, the Parties hereby establish a free trade area in accordance with the provisions of this Agreement. ”