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Citizens' groups apprehensive about transparency, the atmosphere and labor standards say the deal was deficient as it was agreed on behind closed doors. Business teams welcomed the information that South Korea concluded the free trade agreement with the U.S. The U.S. Chamber of Commerce, a business lobbying group in favor of the FTA, predicts that the Korea FTA will create U.S. Proponents of the FTA cite that it will create more jobs than those destroyed, and will probably be, on the long term, useful for the country. The U.S. assume-tank Economic Policy Institute predicted that it would result in the lack of 159,000 jobs. The Korea Institute for International Economic Policy estimates that exports to the United States will rise by 12% per yr, or $5.4 billion, and grow by 15% in the longer run. Critics did not see any profit for the United States in these provisions, given the number of exports to South Korea was unlike to achieve the decrease quota, and Korean automobile makers were not importing trucks into the United States. South Korean regulations. A cap will even be placed on steel exports from South Korea to the United States, though South Korea will stay exempt from the 25% steel tariff the Trump administration placed on most different nations
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