scholarly journals Implications of the US -South Korea Free Trade Agreement on Agricultural Exports from the US

2014 ◽  
Vol 2 (03) ◽  
pp. 46
Author(s):  
Srinivasa Konduru ◽  
Tae Hun Kim ◽  
Mechel Paggi
2005 ◽  
Vol 10 (2) ◽  
pp. 219-223 ◽  
Author(s):  
JEAN F. CROMBOIS

2006 ◽  
Vol 5 (1) ◽  
pp. 1-30 ◽  
Author(s):  
KERRY CHASE

The GATT treaty's loophole for free trade areas in Article XXIV has puzzled and deceived prominent scholars, who trace its postwar origins to US aspirations to promote European integration and efforts to persuade developing countries to endorse the Havana Charter. Drawing from archival records, this article shows that in fact US policymakers crafted the controversial provisions of Article XXIV to accommodate a trade treaty they had secretly reached with Canada. As a result, the free trade area exemption was embedded in the GATT–WTO regime, even though neither the Havana Charter nor the US–Canada free trade agreement was ever ratified. Theoretically, the case is an important example of how Cold War exigencies altered the policy ideas of US officials.


Significance Year-on-year GDP growth was little changed at 2.7% in the first quarter after easing to 2.8% in 2015 and 2016 from an average of 3.7% in the five years to 2014. In 2016 consumer spending grew by less than 2.5%, machinery investment did not grow at all and net export volumes subtracted from growth. Impacts The US administration may threaten to pull out of the US-South Korea free-trade deal unless terms are renegotiated. Samsung in the first quarter of 2017 reported its best profits since 2013, but it will face an increasingly competitive market. Talk of reunification with North Korea as a solution to demographic pressures is fanciful.


2004 ◽  
Vol 3 (3) ◽  
pp. 94-116 ◽  
Author(s):  
Hyun-Hoon Lee ◽  
Chan-Hyun Sohn

South Korea recently signed a free trade agreement (FTA) with Chile and is currently negotiating or studying bilateral FTAs with about 20 countries. However, some South Koreans oppose such agreements because they fear that trade liberalization would result in costly factor adjustment. Many researchers believe that intra-industry trade expansion generates smaller inter-industry factor adjustment (and therefore lower costs) compared with the costs associated with inter-industry trade expansion. This paper analyzes the extent and nature of intra-industry trade and marginal intra-industry trade in South Korea, to help predict the relative costs it might face upon opening its markets to various countries.


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