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The proposed South Korea-U.S. free trade agreement (KORUSFTA)

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  • The proposed South Korea-U.S. free trade agreement (KORUSFTA)
  • Manyin, Mark E.; Cooper, William H.
  • Congressional Research Service


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Title The proposed South Korea-U.S. free trade agreement (KORUSFTA)
Similar Titles
Material Type Reports
Author(English)

Manyin, Mark E.; Cooper, William H.

Publisher

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

Date 2007-04
Series Title; No CRS Report for Congress
Pages 40
Subject Country United States(Americas)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding U.S. Department of State

Abstract

Close to midnight on April 1, 2007, President Bush sent a message to the leaders of the House and Senate, notifying them of his intent to enter into a free trade agreement (FTA) with South Korea. The President’s notification to Congress signified the completion of the negotiations on the U.S.-South Korea FTA (KORUS FTA) that the two countries launched on February 2, 2006, at South Korea’s request. The negotiations covered a wide range of subjects, including a number of sensitive issues — autos, agriculture, trade remedies, among others — that have plagued the U.S.-South Korean trading relationship for decades. As a result, the FTA negotiations were at times contentious and their successful completion in doubt. (The rest omitted)