A VITAL PARTNERSHIP: Today, President Donald J. Trump is visiting the Republic of Korea (ROK) to reaffirm a vital partnership that is essential to our economic and security interests.
- The United States and the ROK are key partners that share deep historical, security, and economic ties.
- Our vital partnership is based on the shared principles of democracy, human rights, and the rule of law.
- The United States-ROK alliance is the linchpin of peace, security, and prosperity in the Indo-Pacific region.
- This visit will advance and strengthen economic and security cooperation between our two nations.
WORKING TOWARD THE DENUCLEARIZATION OF NORTH KOREA: President Trump is working closely with President Moon Jae-in of the Republic of Korea to achieve the final and fully verified denuclearization of North Korea and to establish a lasting peace on the Korean Peninsula.
- The United States and ROK coordination and cooperation regarding the denuclearization of North Korea is the strongest it has ever been.
- President Moon has been indispensable in assisting with President Trump’s negotiations with North Korean Chairman Kim Jong Un.
- President Trump has held two historic summits with Chairman Kim, advancing the goal of denuclearization of North Korea.
- Both President Trump and President Moon have repeatedly called on Chairman Kim to follow through on his commitment to completely denuclearize.
- President Trump and President Moon want a prosperous and peaceful future for North Korea under Chairman Kim’s continued leadership.
ADVANCING FREE, FAIR, RECIPROCAL TRADE: President Trump is rebalancing United States trade with the ROK and strengthening our commercial ties.
- In 2018, the United States and the ROK two-way goods and services trade totaled more than $165 billion, including nearly $79 billion in United States exports to Korea.
- President Trump secured significant improvements to the United States-Korea Free Trade Agreement, doubling the number of America’s automobiles that can be exported to Korea without further modification and expanding exports of the finest American-made products to the ROK per year.
- Thanks to President Trump, the United States goods trade deficit with the ROK decreased by 23 percent in 2018 over the previous year.
- United States exports of auto and agricultural products, crude oil, and liquefied natural gas to the ROK increased in 2018.
- Since 2017, ROK firms’ direct investment into the United States totaled $50.6 billion.
- ROK investment in the United States is expected to grow by at least $6 billion in 2018, based on recent greenfield projects.