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

Abstract

On June 30, 2007, U.S. and South Korean trade officials signed the proposed U.S.-South Korean Free Trade Agreement (KORUS FTA) for their respective countries. If approved, the KORUS FTA would be the largest FTA that South Korea has signed to date and would be the second largest (next to North American Free Trade Agreement, NAFTA) in which the United States participates. South Korea is the seventh-largest trading partner of the United States and the United States is South Korea's third largest trading partner. Various studies conclude that the agreement would increase bilateral trade and investment flows. The final text of the proposed KORUS FTA covers a wide range of trade and investment issues and, therefore, could have substantial economic implications for both the United States and South Korea.

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Document Details

Document Type
Technical Report
Publication Date
Apr 20, 2009
Accession Number
ADA501319

Entities

People

  • Mark E. Manyin
  • Michaela D. Platzer
  • Remy Jurenas
  • William H. Cooper

Organizations

  • Library of Congress

Tags

Communities of Interest

  • Biomedical
  • Space

DTIC Thesaurus Topics

  • Agreements
  • Commerce
  • Congress
  • Electronic Commerce
  • Employment
  • Government Procurement
  • Governments
  • Information Systems
  • Intellectual Property
  • International Trade
  • Investments
  • Law
  • Marketing
  • Money
  • National Governments
  • South Korea
  • United States

Readers

  • Approximation Theory.
  • International Relations and European Studies
  • Nuclear Non-Proliferation and International Security