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Negotiating the Korea–United States free trade agreement

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  • Negotiating the Korea–United States free trade agreement
  • Schott, Jeffrey J.; Bradford, Scott C.; Moll, Thomas
  • Institute for International Economics


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Title Negotiating the Korea–United States free trade agreement
Similar Titles
Material Type Articles
Author(English)

Schott, Jeffrey J.; Bradford, Scott C.; Moll, Thomas

Publisher

[Washington, D.C.]:Institute for International Economics

Date 2006-06
Journal Title; Vol./Issue Policy Briefs in International Economics:vol. 6(no. 4)
Pages 35
Subject Country United States(Americas)
South Korea(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Trade
Holding IIE

Abstract

Difficult and sensitive issues will command the attention of US and Korean officials as they negotiate a bilateral free trade agreement (FTA). The United States will have to put long-standing US barriers to Korean exports of textiles, apparel, and steel on the table and resolve problems with South Korean access to the US visa waiver program. In turn, South Korea will have to open new opportunities for US goods and services, including autos, beef, and rice. Such a deal will pose a stiff political challenge for Korean officials. However, they will be under pressure in any event to reform their farm programs--either in the context of a final deal in the WTO talks or in response to Chinese initiatives in the region, which Korea will need to match. (The rest omitted)