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Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications

2008
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Release : 2008
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Book Rating : 456/5 ( reviews)

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Book Synopsis Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications by : William H. Cooper

Download or read book Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications written by William H. Cooper. This book was released on 2008. Available in PDF, EPUB and Kindle. Book excerpt: This report is designed to assist Members of the 111th Congress as they consider the costs and benefits of the U.S.-South Korean Free Trade Agreement (KORUS FTA). It examines the provisions of the KORUS FTA in the context of the overall U.S.-South Korean economic relationship, U.S. objectives, and South Korean objectives. The report will be updated as events warrant.

The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications

2010
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Release : 2010
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Book Synopsis The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications by :

Download or read book The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications written by . This book was released on 2010. Available in PDF, EPUB and Kindle. Book excerpt: On June 30, 2007, U.S. and South Korean trade officials signed the proposed U.S.-South Korean Free Trade Agreement (KORUS FTA) for their respective countries. If approved, the KORUS FTA would be the second largest FTA that South Korea has signed to date, after the agreement with the European Union (EU). It would be the second largest (next to North American Free Trade Agreement, NAFTA) in which the United States participates. South Korea is the seventh-largest trading partner of the United States and the United States is South Korea's third largest trading partner. Various studies conclude that the agreement would increase bilateral trade and investment flows. The final text of the proposed KORUS FTA covers a wide range of trade and investment issues and, therefore, could have substantial economic implications for both the United States and South Korea. The agreement will not enter into force unless Congress approves implementation legislation. The negotiations were conducted under the trade promotion authority (TPA), also called fast-track trade authority, that the Congress granted the President under the Bipartisan Trade Promotion Act of 2002 (P.L. 107-210). The authority allows the President to enter into trade agreements that receive expedited congressional consideration (no amendments and limited debate). The Bush Administration did not send draft implementing legislation to Congress. The Obama Administration has not indicated if and when it will send the draft implementing bill to Congress. The Administration has stated that it is developing "benchmarks for progress" on resolving "concerns" it has with the KORUS FTA, particularly over market access for U.S. car exports.

The U.S.-South Korea Free Trade Agreement (KORUS FTA)

2011 Free trade
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Author :
Release : 2011
Genre : Free trade
Kind : eBook
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Book Synopsis The U.S.-South Korea Free Trade Agreement (KORUS FTA) by : Mark E. Manyin

Download or read book The U.S.-South Korea Free Trade Agreement (KORUS FTA) written by Mark E. Manyin. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt:

The U.S.-South Korea Free Trade Agreement (KORUS FTA)

2014 Free trade
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Author :
Release : 2014
Genre : Free trade
Kind : eBook
Book Rating : 263/5 ( reviews)

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Book Synopsis The U.S.-South Korea Free Trade Agreement (KORUS FTA) by : Mark E. Manyin

Download or read book The U.S.-South Korea Free Trade Agreement (KORUS FTA) written by Mark E. Manyin. This book was released on 2014. Available in PDF, EPUB and Kindle. Book excerpt: With the KORUS FTA now in force for over two years, focus has shifted from the debate over its passage to its implementation, economic impact, and effect on future U.S. FTAs. Some U.S. companies have argued that certain aspects of the KORUS agreement are not being implemented appropriately, citing issues related to rules of origin verification, express delivery shipments, data transfers, and pending auto regulations. In addition, a widening trade deficit with South Korea since the implementation of the agreement has led some observers to argue the agreement has not benefitted the U.S. economy, but it is difficult to distinguish the KORUS FTA's impact on U.S.- South Korea trade patterns from the impact of other economic variables. As the largest of the recently passed U.S. FTA's, perceptions of the KORUS FTA's economic impact and concerns over its implementation may influence congressional debate in the new FTAs now under negotiation, specifically the Trans-Pacific Partnership (TPP), which South Korea has signaled an interest in joining, and the Transatlantic Trade and Investment Partnership (T-TIP) between the United States and the European Union. -- Summary (page i).

The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA)

2011
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Author :
Release : 2011
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA) by : Vivian C. Jones

Download or read book The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA) written by Vivian C. Jones. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt: This report begins with a discussion of the complex supply chains that now underlie automotive production. It then explains the procedures established in the KORUS FTA for determining whether an automotive product qualifies as being of South Korean or United States origin and compares those procedures to the rules established in the free trade agreement between South Korea and the European Union. Finally, it discusses whether the domestic content rules in the KORUS FTA could enable circumvention of the rules of origin by allowing automotive components produced in North Korea’s Kaesong Industrial Complex (KIC) to enter the United States duty-free in assembled motor vehicles, and thereby receive the benefits provided by the agreement.

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