US Government Agencies Adopt Final Rule for US-Korea Free Trade Agreement

Summary

The Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) have adopted the final version of an interim rule amending the Federal Acquisition Regulation (FAR) to implement the United States-Korea Free Trade Agreement, which sets a lower procurement threshold compared to the existing World Trade Organization Government Procurement Agreement to which the Republic of Korea is already a party.