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Korea's institutional framework for FTA negotiations and administration: tariffs and rules of origin

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Frame of Image k for FTA Negotiations and Administration: Tariffs and Rules of Origin
Jong Bum Kim1 Abstract
In this chapter, I review Korea’s legislative framework of free trade agreement negotiations and administration of FTAs. In particular, focus is on the trade in goods, including the administration of rules of origin and tariff reduction chapters of enacted FTAs. The first part of this paper reviews FTA negotiations framework including the role played by the Minister’s Meeting for External Economic Affairs. Also, I examine the public hearing process prior to making the decision to launch a FTA negotiation as required under FTA Directive. Moving to the process during the negotiations, I review the laws under which the National Assembly may monitor the progress of FTA negotiations. I then examine the domestic procedures leading to the consent to the ratification by the National Assembly and the President’s ratification of the treaty. Lastly, I review the Presidential Commission on Domestic Preparation for Free Trade Agreement (Commission), which was established in order to address the grievances of the domestic industries burdened by market liberalization from FTAs. The second part of the chapter deals with the framework for FTA tariff implementation. I review the FTA Implementation laws that provide the tariff reduction and elimination schedules for goods originating in FTA partner countries. The relationship between the Customs Act and FTA implementing laws are described. As implement


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Title Korea's institutional framework for FTA negotiations and administration: tariffs and rules of origin
Similar Titles
Material Type Reports
Author(English)

Kim, Jong Bum

Publisher

Seoul : KDI School of Public Policy and Management

Date 2008
Series Title; No KDI School Working Paper Series / 08-11
Pages 28
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KDI School of Public Policy and Management
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