An Examination of Free Trade Agreement between the US-Korea (한미 FTA 분석)

소개글

현재 영국에서 경영학 석사 공부하고 있는 학생입니다.

한미 FTA에 대해 분석한 리포트입니다.

점수 잘 받은 리포트 입니다.

많은 도움이 되었으면 하네요 ^^

목차

Introduction 1.Recent trend of FTA in Asia
1.1 The influence of China on Asia

2. The FTA between the US and Korea
2.1 The development of the FTA talk between the US-Korea

2.2 The main issues in the two countries
2.2.1 Agriculture
2.2.2 Intellectual property right (IPR)
2.2.3 Rules of origin
3. Effects of the US and Korea FTA on Korea
3.1 Economic aspect
3.2 Social aspect

Conclusion

본문내용

Introduction

Since the United States and Korean government started negotiating Free Trade Agreement (FTA) in 2006, the representatives of both countries declared that the talk finally reached the successful agreement on April 2nd, 2007 (Overby, 2007). Traditionally, the US and Korea have maintained a strong military and close economic relations since Korean War. In 2006, the volume of trade between the two countries increased to approximately $77 billion a year, thus this formed the US Korea’s third largest trading partner and Korea the United States’ seventh largest trading partner (Fifield, 2007a). This FTA between two countries stands to be the most significant free trade agreement since the North America Free Trade Agreement (Coyner, 2008). Because of expected influences on both countries and trade and economy in the Asia, this FTA has become an interesting subject and significant issue. The aim of this project is to outline the current trends of FTA in Asia. It will also discuss the main issues between the two countries and then predict the effects of the FTA on Korea with regard to economical and social factors.



1. Recent trend of FTA in Asia
Over the last half decade, Preferential Trade Agreements (PTAs) have increased sharply in the Asia – Pacific area, especially in East Asia. While PTA has become widespread all around world, only a small number had been conducted in that region before 2000 (Feridhanusetyawan, 2005). However, Asian countries such as Korea and Malaysia overcame the economic crisis which occurred in 1997 and damaged the fundamental finance system and the currency exchange of Southern Asia. In addition, they started boosting the PTA talks over the Pacific and decreasing the trade barriers such as high tariffs.

참고 자료

Coyner, T. (2008) "Revamping Korean Economy through KORUS FTA",Koreatime Available at http://www.koreatimes.co.kr/www/news/special/2008/08/175_23054.html [Accessed: August 23, 2008]

Duttagupta, D. & Panagariya, A. (2005) Free Trade Areas and Rules of Origin Economics and Politics. IMF Working Paper,03(229)
Available at http://ssrn.com/abstract=880927 [Accessed: August 23, 2008].

Feridhanusetyawan, T. (2005) Preferential Trade Agreements in the Asia-Pacific Region. IMF Working Paper,05(149). Available at http://ssrn.com/abstract=888018 [Accessed: August 23, 2008].

Fifield, A. (2007) S Korea-US Trade Deal Clears Hurdle. FINACIAL TIMES. Available at http://www.ft.com/cms/s/0/b7e42f9a-2613-11dc-8e18 000b5df10621.html?nclick_check=1 [Accessed: August 24, 2008].

Fifield, A. (2007) US, S Korea Struggle To Reach Trade Pact. FINACIAL TIMES. Available at
http://www.ft.com/cms/s/0/3b959e92-e08b-11db-8b48-000b5df10621.html [Accessed: August 24, 2008]

Hufbauer, G.C. & Wong, Y. (2005) Prospects for Regional Free Trade in Asia. Institute for International Economic Working Paper,05(12).
Available at http://ssrn.com/abstract=830106 [Accessed: August 23, 2008]

Jin, R. (2007) "Trade Remedy Panel Chief Vows to Improve Fairness", Koreatimes, Available at http://www.koreatimes.co.kr/www/news/special/2008/08/178_6369.html [Accessed: August 23, 2008]

Kim, J. H. (2006) Korea-US FTA. KDI School Working paper,06(17). Available at Web http://ssrn.com/abstract=959990 [Accessed: August 23, 2008]

Kim, Y.V. (2007) "Social Clause in FTA Deal", Koreatimes Available at http://www.koreatimes.co.kr/www/news/opinon/2008/08/198_5151.html [Accessed: August 23, 2008]

Kim, Y.S. (2007) "Copyright Protection Extended to 70 Years", Koreatimes Available at http://www.koreatimes.co.kr/www/news/nation/2007/12/116_15773.html [Accessed: August 23, 2008]

Lee, J.Y. (2008) "FTA and Protection of Korean Farmers", Koreatimes Available at http://www.koreatimes.co.kr/www/news/opinon/2008/05/160_24329.html [Accessed: August 23, 2008]

Overby, T. (2007) "Last Push Required to Ratify KORUS FTA", Koreatimes,
Available at
http://www.koreatimes.co.kr/www/news/biz/2008/08/128_4643.html [Accessed: August 23, 2008]

Sheehy, B. & (2004) Unfair Trade as Friendly Fire: The Australia-USA Free Trade . Available at RMIT University http://ssrn.com/abstract=777064 [Accessed: August 23, 2008]

Suh, J.K. (2007) "Korean Agriculture in Age of KORUS FTA", Koreatimes Available at http://www.koreatimes.co.kr/www/news/biz/2008/08/127_2712.html [Accessed: August 23, 2008]

Suh, J.K. (2006) Prospective Issues in U.S.-Korea FTA. Available at Korea Institute for International Economic Policy, Web site http://www.kiep.go.kr/information/fta_data_view.asp?num=129291 [Accessed: August 24, 2008]

United States Trade Representative (undated) Bilateral Trade Agreements
Available at
http://www.ustr.gov/Trade_Agreements/Bilateral/Section_Index.htm
[Accessed: August 24, 2008]