Ssci Dissertation

THE FACTS REGARDING THE KOREA-U. S. FREE TRADE ARRANGEMENT

koreauspartnership. org

KOREA - U. T. FREE TRANSACT AGREEMENT

TABLE OF MATERIAL SECTION I – WHY SUPPORT THE KORUS FTA SECTION II – CREATING JOBS SECTION III – GENERATING ECONOMICAL GROWTH SECTION IV – BENEFITS TO INDUSTRY INDUSTRIES

02 apr 06 15 11 12 14 15 15 sixteen 18 19 20 22 23 24 25 25 26 twenty seven 28 up to 29 30 thirty-one 31 32 33 33 34 thirty five 36 thirty eight 37 37 39 forty 41 40 43 forty five

September 2001

U. S. International Transact Commission (USITC) releases prediction of economical effects of a trade contract with the Republic of Korea.

1 . Cultivation A. Meat B. Pig C. Chicken D. Milk E. Fruits, Vegetables and Nuts Farreneheit. Grains G. Wine 2 . Automobiles three or more. Pharmaceuticals 4. Manufacturing A. Case Research 5. Electronic devices 6. Details Communications Solutions 7. Services A. Financial Services B. Audio-Visual Services C. Intellectual Home D. Entertainment

June 31, 2007

U. S. and Korean government authorities sign KORUS FTA.

Summer 26, 2010

On the side lines of the G-20 Summit in Toronto, Presidents Lee and Obama publicize a plan to go ahead with KORUS FTA, and instruct their trade ministers to resolve outstanding problems.

SECTION V – ESSENTIAL INSTITUTIONAL PROVISIONS OF THE KORUS FTA 1 . Institutional Conditions and Challenge Settlement 2 . Dispute Negotiation Proceedings a few. Auto Certain and More Expedited Dispute Negotiation Procedure 4. Increased Visibility 5. Added Transparency Provisions SECTION NI – IMPROVING SECURITY AND THE STRATEGIC CHA?NON SECTION VII – DETAILS OF THE KORUS FTA

Dec 3, 2010

Korean and American negotiators announce they may have reached a " extra agreement, ” and the KORUS FTA is able to be submitted for ratification. *

1 . Trade Equilibrium 2 . Labor Issues 3. Foreign Trader Protection 4. Auto Problems 5. Korea's Auto Market 6. Money Questions 7. Korea's Gound beef Market almost eight. Kaesöng Industrial Complex (KIC) 9. Unlawful Trans-shipments FOR KORUS FTA BENEFITS & 2010 EXPORT PRODUCTS TO KOREA MAP, SEE INSIDE BACK AGAIN COVER.

SECTION I -- WHY SUPPORT THE KORUS FTA

SECTION I -- WHY SUPPORT THE KORUS FTA

" …ThisdealisawinforAmericanworkers. Forourfarmersandranchers, itwillincreaseexportsof Americanagriculturalproducts….[T]hetariffreductionsinthisagreementaloneareexpected toboostannualexportsofAmericangoodsbyupto$11billion. Andalltold, thisagreement– such as opening of the Korean solutions market – will support at least 70, 500 American careers. ” -- President Barack Obama December 4, 2010

FACTS ABOUT THE KOREAN ECONOMY

» » » Korea'seconomicgrowthexceeded6percentin2010. With nearly 2010 GDP of $1 trillion, Korea is the world's 15th largest economy. Services drive the Korean economy, accounting to get 57. six percent of GDP in 2008, using a market scale $580 billion dollars. AmemberoftheOrganizationforEconomicCooperationandDevelopment(OECD), Koreaisclassifiedasahigh-incomeeconomybytheWorldBankandanadvanced economy by International Budgetary Fund. Completely, Korea's typical annual income was about $20, 000. Korea is known as a major trading partner from the world's largest economies – it is the third largest trading partner of China and Japan, the seventh major trading partner of the United States plus the eighth largest trading spouse of the EUROPEAN.

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KORUS FTA – AT A GLANCE

» U. T. exportstoKoreafacean common applied tariff of doze. 1 percent, as the average U. S. tariffonKoreanexportsis 3. 5%. With authorization of the KORUS FTA, over95percentofU. S. exportswill becomedutyfreewithinfiveyears -- and almost other tariffs will be eliminated within 10 years. The KORUS FTA also consists of strong provisions regarding transparency, intellectual home rights and competition, especially in the services sector. This will likely make U. S. businesses more competitive in Korea and provides an auto dvd unit for future trade deals.

THERE ARE THREE KEY REASONS TO SUPPORT THE KORUS FTA:

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1 Economical Growth installment payments on your..



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