"If an agreement is reached, Kor-US FTA would be the US's largest FTA since the completion of NAFTA in 1992, and will have long term effects not only for economic, political but also geostrategic factors in Korea and East Asia. The FTA
presents a unique opportunity for both countries to commit to a new and more meaningful level of cooperation that will be of profound mutual benefit and enhance the bilateral relationship in the long term. FTA negotiations are expected to be complicated by the expiration of trade promotion authority(TPA) in June 2007. Most issues except few impasses can be negotiated at the working level. Unless leaders in both Washington and Seoul properly manage these challenges, the two ot necessarily affected. countries will be risking not only a trade agreement, but also the future of the alliance due to the short-term bilateral tensions and domestic political battle that
can be expected to arise during negotiations. If there exist impasses, the exclusion of impasses in FTA is recommended than the collapse of the negotiation."


Title |
Korea-US FTA
Similar Titles
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Material Type | Report |
Author(English) |
Kim, JiHong |
Publisher |
Seoul : KDI School of Public Policy and Management |
Date | 2006 |
Series Title; No | KDI School Working Paper Series / 06-17 |
Pages | 26 |
Subject Country | United States(Americas) South Korea(Asia and Pacific) |
Language | English |
File Type | Documents |
Original Format | |
Subject | Economy < Trade |
Holding | KDI School of Public Policy and Management |
License | ![]() |
Abstract