Here is Part “K” of my series, “International Trade Alphabet Soup” that will periodically list and provide context for key acronyms and international trade terms:
KFAED – Kuwait Fund for Arab Economic Development assists Arab and other developing countries in developing their economies, particularly by providing them with loans required for the implementation of their development programs.
KITA – Korea International Trade Association represents the interests of South Korea’s global traders and with over 71,000 member companies is the largest business organization in the Republic of Korea.
KORUS – US-Korea Free Trade Agreement entered into force in 2012 and by 2017 over 95% of consumer and industrial goods will be traded duty-free between the United States and the South Korea.
KOTRA — Korea Trade Promotion Corporation is the trade promotion agency for South Korea
KSFTA – Korea-Singapore Free Trade Agreement, South Korea’s first free trade agreement with an Asian country, entered into force in March 2006 and includes as its objectives liberalizing and facilitating trade in goods and services and expanding investment between the two countries.