Free Trade Between Korea and the United States?
Institute for International Economics, Jan 1, 2001 - Business & Economics - 129 pages
Free trade agreements (FTAs) are proliferating in the Asia-Pacific region. For the first time, Korea is pursuing such accords as part of a strategy to restructure its economy and sustain the recovery from its 1997-98 economic crisis. Should it open talks with its largest trading partner, the United States? This study examines the economic and political benefits and challenges of pursuing bilateral FTA negotiations, the impact of a prospective pact on other trading partners, on the Asia-Pacific Economic Cooperation (APEC) forum, and on the multilateral trading system.
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Bilateral Trade and Investment
Bilateral Trade Frictions
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0roduct0 0xcludi0g agriculture Allocative efficiency antidumping APEC ASEAN Asia Pacific Asian bilateral FTA bilateral trade Canada capita GDP capital CGE models Chile China closure CM CM comparative advantage computable general equilibrium database dollars equi8ment equilibrium European Union exports to Korea fast-track Fixed current account Flexible current account Fred Bergsten free trade FTA negotiations FTA talks Full liberalizatio0 Full liberalization 8xcluding gravity model GTAP GTAP model imports income industry initial investment ISBN Japan Korea-Japan FTA Korea-US FTA Korean exports Korean market liberalization 8xcluding agriculture Lo0g ru0 manufactures Medium run Long Mexico millions of 1995 Model simulations multilateral NAFTA osnn9s percentage change political region run Long run sectors Source srcent standard deviation Table Taiwan tariffs Textiles and apparel trade balance trade barriers trade creation trade diversion trade pact trade reforms trading nations share trading partners United US-Korea various scenarios welfare gains Zealand