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Resolution of non-tariff barriers in bilateral trade agreements : Lessons from the U.S. - Korea free trade agreement and a model for market access in the twenty-first century

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  • Resolution of non-tariff barriers in bilateral trade agreements
  • Farrah, Jeffrey E.
  • Social Science Research Network


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Title Resolution of non-tariff barriers in bilateral trade agreements
Similar Titles
Sub Title

Lessons from the U.S. - Korea free trade agreement and a model for market access in the twenty-first century

Material Type Reports
Author(English)

Farrah, Jeffrey E.

Publisher

[Rochester, U.S.]:Social Science Research Network

Date 2010-03
Pages 28
Subject Country United States(Americas)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Economic Administration
Holding SSRN

Abstract

The incredible success of the World Trade Organization and bilateral Free Trade Agreements in reducing tariffs has shifted the battle for market access in the twenty-first century. Countries that seek to protect their markets now must resort to non-tariff barriers. Unfortunately for exporters, non-tariff barriers are elusive and it is difficult to prove the illegality of a measure within the confines of the standard dispute settlement system. Additionally, the current dispute settlement system is litigious and lengthy. This article draws upon lessons from the U.S. - Korea Free Trade Agreement and the current political climate and concludes that the United States must develop a new framework to address non-tariff barriers to trade within bilateral trade agreements. It is proposed that an NTB Resolution Mechanism be included within U.S. bilateral trade agreements. (The rest omitted)