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The First Anniversary Evaluation of the Korea-U.S. FTA and Its Implications

Author

Listed:
  • Kim , Young Gui

    (Korea Institute for International Economic Policy)

  • Suh , Jin Kyo

    (Korea Institute for International Economic Policy)

  • Kim , Jong Duk

    (Korea Institute for International Economic Policy)

  • Lee , Seungrae

    (Korea Institute for International Economic Policy)

  • Kang , Jungu

    (Korea Institute for International Economic Policy)

  • Kim , Hyuk-Hwang

    (Korea Institute for International Economic Policy)

  • Lee , Joun Won

    (Korea Institute for International Economic Policy)

  • Lee , Jumi

    (Korea Institute for International Economic Policy)

Abstract

Since it was signed in April of 2007, and after undergoing additional negotiations in 2011, the Korea-U.S. FTA finally came into effect as of March 15, 2012, with the completion of the ratification process in the two countries after six years since negotiations began. Some were hopeful while others remained concerned about the KORUS FTA, as it is a high-level and comprehensive FTA that was signed with a mega-economic power. Accordingly, there had been many tough challenges in internal negotiations for the KORUS FTA to become effective. This paper aims to evaluate, however on a limited basis, the effect the KORUS FTA had on the trade and investment in the two countries as of its first anniversary.

Suggested Citation

  • Kim , Young Gui & Suh , Jin Kyo & Kim , Jong Duk & Lee , Seungrae & Kang , Jungu & Kim , Hyuk-Hwang & Lee , Joun Won & Lee , Jumi, 2013. "The First Anniversary Evaluation of the Korea-U.S. FTA and Its Implications," World Economy Brief 13-22, Korea Institute for International Economic Policy.
  • Handle: RePEc:ris:kiepwe:2013_022
    DOI: 10.2139/ssrn.2320951
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    Keywords

    Korea-U.S.; FTA;

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