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The Movement Image Affiliation is celebrating a serious replace following a formalized commerce settlement between the U.S. and South Korea.
After the White Home launched particulars relating to President Trump and President Lee’s latest assembly, the place the 2 leaders locked down specifics for the prior July commerce settlement, the MPA thanked the “U.S. Commerce Consultant and his workforce” for resolving points that immediately impacted Hollywood.
“We welcome as we speak’s announcement following the assembly between President Trump and President Lee that the US and the Republic of Korea have dedicated to ‘be certain that U.S. corporations should not discriminated in opposition to and don’t face pointless boundaries by way of legal guidelines and insurance policies regarding digital companies, together with community utilization charges,’” Charles Rivkin, Chairman and CEO of the Movement Image Affiliation, stated in a press release Friday. “The MPA appreciates the tireless work of the U.S. Commerce Consultant and his workforce to resolve unfair commerce practices that affect the American movie, tv and streaming trade.”
Per the White Home, the deal additionally promised “to facilitate cross-border switch of information, together with for location, reinsurance and private information. Additional, the US and the ROK will help the everlasting moratorium on customs duties on digital transmissions on the World Commerce Group.”
The MPA isn’t the one one celebrating within the aftermath of the Trump-Lee assembly. Ambassador Jamieson Greer, who was appointed the twentieth United States Commerce Consultant earlier this yr, praised Trump and his “successful streak.”
“President Trump’s successful streak following his profitable swing in Asia continues with the discharge of a Joint Truth Sheet with the Republic of Korea, underscoring the US’ dedication to realize extra reciprocal and balanced commerce with a robust buying and selling associate,” the ambassador wrote in a assertion. “Korea dedicated to handle non-tariff boundaries that U.S. exporters face, additional selling financial prosperity and nationwide safety for Individuals. The leaders additionally agreed to advance vital investments in key industries corresponding to shipbuilding and to strengthen strategic business partnerships.”
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