Business Intelligence

FTAs And The Future Of US-Korean Trade Relations

Free registration required

Executive Summary

Over the past decade, the United States and Korea have pursued free trade agreements (FTAs) with a number of bilateral trading partners. For the United States, the Korea-US (KORUS) FTA is by far the most significant in economic and political terms. For Korea, the KORUS FTA is matched, at least in commercial terms, by the recently concluded Korea-European Union (KOREU) FTA. Going forward, Korea will likely continue to pursue additional FTAs with its major trading partners, while the United States seems likely to refrain from new bilateral arrangements for at least the near term as the Congress and Obama administration struggle to advance implementing legislation for pending FTAs with Colombia, Panama, and Korea signed in 2006 and 2007.

  • Format: PDF
  • Size: 213.3 KB