US Government Agencies Issue Interim Rule to Implement US-Korea Free Trade Agreement

Summary

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