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

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  • The U.S.-South Korea Free Trade Agreement(KORUS FTA)
  • Williams, Brock R.; Manyin, Mark E.; Jurenas, Remy; Platzer, Michaela D.
  • Congressional Research Service


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Title The U.S.-South Korea Free Trade Agreement(KORUS FTA)
Similar Titles
Sub Title

Provisions and implementation

Material Type Articles
Author(English)

Williams, Brock R.; Manyin, Mark E.; Jurenas, Remy; Platzer, Michaela D.

Publisher

[Washingtion, D.C.]:Congressional Research Service

Date 2014-09
Journal Title; Vol./Issue Congressional Research Service [CRS] Reports:7-5700
Pages 50
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < General
Economy < Trade
Holding Federation of American Scientists

Abstract

President Obama signed the legislation implementing the U.S.-South Korea Free Trade Agreement (KORUS FTA) on October 21, 2011 (P.L. 112-41), and the Korean National Assembly passed the agreement on November 22, 2011. The KORUS FTA entered into force on March 15, 2012. 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. (The rest omitted)