U.S. President Trump Is Strengthening Our Historic Alliance with Republic Of Korea

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.
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