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• South Korea is one of the world’s largest markets for high-tech goods from the United States. Only five countries are larger export destinations for American tech products than South Korea.
• In fact, the United States exports more to South Korea than to the United Kingdom or France.
• The United States exported $10.6 billion in high-tech goods to South Korea in 2006, up $700 million or 7 percent from the previous year.
• Technology imports from South Korea to the United States totaled $14.9 billion in 2006, down by nearly $600 million from 2005.
• According to the U.S. Trade Representative, the recently negotiated free trade agreement between the United States and South Korea will make 95 percent of consumer and industrial products duty free in the next three years.
• This agreement is in America’s best interest. The United States benefits both economically and geopolitically by having a strong and vibrant South Korea.

We are delighted to bring you the 17th regular installment of the AeA Competitiveness Series.  The AeA research team produces these reports on the most timely and relevant issues to the high-tech industry and to U.S. competitiveness in a global economy.  We combine rigorous data with careful analysis to provide industry leaders and policymakers the information they need to assess the issue.