ITC: Proposal to loosen KORUS yarn rules unlikely to impact trade

A proposed modification to the U.S.-Korea Free Trade Agreement’s rules of origin for certain yarns likely would have a “negligible effect” on U.S. imports and exports, according to the U.S. International Trade Commission. In a fact-finding report released on Friday, the ITC said a proposed change to loosen the deal’s rules of origin related to woven fabrics of textured and non- textured triacetate filament yarns was “likely to have little to no impact on trade under KORUS, total U.S. trade,...