text: The Republic of Korea-United States Free Trade Agreement (also known as KORUS FTA) is a trade agreement between the [[Economy of the United Sign Landmark Free Trade Agreement|accessdate=2008-06-18 |archiveurl = http://web.archive.org/web/20080527150515/http://www.ustr.gov/Document_Library/Press_Releases/2007/June/United_States_the_Republic_of_Korea_Sign_Lmark_Free_Trade_Agreement.html |archivedate = May 27, 2008}}</ref> just before the deadline for President George Bush to use his fast-track authority on trade before it expired mid-year. The agreement followed ten months of bargaining, and will immediately lift some 85% of each nation's tariffs on industrial goods, and also create new protections for multinational financial services and other firms.