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THE FACTS ABOUT THE KOREA-U.S. FREE TRADE AGREEMENT koreauspartnership.org KOREA - U.S. FREE TRADE AGREEMENT
TABLE OF CONTENTS SECTION I – WHY SUPPORT THE KORUS FTA SECTION II – CREATING JOBS SECTION III – GENERATING ECONOMIC GROWTH SECTION IV – BENEFITS TO INDUSTRY SECTORS
02 04 06 10 11 12 14 15 15 16 18 19 20 22 23 24 25 25 26 27 28 29 30 31 31 32 33 33 34 35 36 36 37 38 39 40 41 42 43 45
September 2001
U.S. International Trade Commission (USITC) releases forecast of economic effects of a trade agreement with the Republic of Korea.
1. Agriculture A. Beef B. Pork C. Poultry D. Dairy E. Fruits, Vegetables and Nuts F. Grains G. Wine 2. Automobiles 3. Pharmaceuticals 4. Manufacturing A. Case Studies 5. Consumer Electronics 6. Information Communications Technologies 7. Services A. Financial Services B. Audio-Visual Services C. Intellectual Property D. Entertainment
June 30, 2007
U.S. and Korean governments sign KORUS FTA.
June 26, 2010
On the sidelines of the G-20 Summit in Toronto, Presidents Lee and Obama announce a plan to move ahead with KORUS FTA, and instruct their trade ministers to resolve outstanding concerns.
SECTION V – KEY INSTITUTIONAL PROVISIONS OF THE KORUS FTA 1. Institutional Provisions and Dispute Settlement 2. Dispute Settlement Proceedings 3. Auto Specific and More Expedited Dispute Settlement Procedure 4. Increased Transparency 5. Additional Transparency Provisions SECTION VI – ENHANCING SECURITY AND THE STRATEGIC ALLIANCE SECTION VII – FACTS ABOUT THE KORUS FTA
December 3, 2010
Korean and American negotiators announce they have reached a “supplemental agreement,” and the KORUS FTA is ready to be submitted for ratification.
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1. Trade Balance 2. Labor Issues 3. Foreign Investor Protection 4. Auto Issues 5. Korea’s Auto Market 6. Currency Questions 7. Korea’s Beef Market 8. Kaesöng Industrial Complex (KIC) 9. Illegal Trans-shipments FOR KORUS FTA BENEFITS & 2010 EXPORTS TO KOREA MAP, SEE INSIDE BACK COVER.
TABLE OF CONTENTS SECTION I – WHY SUPPORT THE KORUS FTA SECTION II – CREATING JOBS SECTION III – GENERATING ECONOMIC GROWTH SECTION IV – BENEFITS TO INDUSTRY SECTORS
02 04 06 10 11 12 14 15 15 16 18 19 20 22 23 24 25 25 26 27 28 29 30 31 31 32 33 33 34 35 36 36 37 38 39 40 41 42 43 45
September 2001
U.S. International Trade Commission (USITC) releases forecast of economic effects of a trade agreement with the Republic of Korea.
1. Agriculture A. Beef B. Pork C. Poultry D. Dairy E. Fruits, Vegetables and Nuts F. Grains G. Wine 2. Automobiles 3. Pharmaceuticals 4. Manufacturing A. Case Studies 5. Consumer Electronics 6. Information Communications Technologies 7. Services A. Financial Services B. Audio-Visual Services C. Intellectual Property D. Entertainment
June 30, 2007
U.S. and Korean governments sign KORUS FTA.
June 26, 2010
On the sidelines of the G-20 Summit in Toronto, Presidents Lee and Obama announce a plan to move ahead with KORUS FTA, and instruct their trade ministers to resolve outstanding concerns.
SECTION V – KEY INSTITUTIONAL PROVISIONS OF THE KORUS FTA 1. Institutional Provisions and Dispute Settlement 2. Dispute Settlement Proceedings 3. Auto Specific and More Expedited Dispute Settlement Procedure 4. Increased Transparency 5. Additional Transparency Provisions SECTION VI – ENHANCING SECURITY AND THE STRATEGIC ALLIANCE SECTION VII – FACTS ABOUT THE KORUS FTA
December 3, 2010
Korean and American negotiators announce they have reached a “supplemental agreement,” and the KORUS FTA is ready to be submitted for ratification.
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1. Trade Balance 2. Labor Issues 3. Foreign Investor Protection 4. Auto Issues 5. Korea’s Auto Market 6. Currency Questions 7. Korea’s Beef Market 8. Kaesöng Industrial Complex (KIC) 9. Illegal Trans-shipments FOR KORUS FTA BENEFITS & 2010 EXPORTS TO KOREA MAP, SEE INSIDE BACK COVER.