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    Is the Korea-U.S> FTA Really So Bad for the U.S. Economy?

    Suh, Jin Kyo | December 2017
    Abstract
    It is likely that the five-year-old Korea-US free trade agreement (FTA), also referred to as the KORUS, will be officially renegotiated sooner or later as U.S. President Donald Trump and South Korean President Moon Jae-in have reaffirmed that economic cooperation and sustainable trade are an important pillar of their alliance and agreed to expedite talks on the bilateral FTA during President Trump's visit to Seoul. In fact, Washington has initiated talks to revise the agreement when United States Trade Representative (USTR) Robert Lighthizer raised in July the issue of removing barriers to U.S. trade. In particular, President Trump has threatened to terminate the KORUS, which he claims has been devastating for the American economy, unless Korea concedes better terms to the United States, citing how the termination process of the agreement is simpler than for the NAFTA. Is the KORUS a horrible and unacceptable deal for the U.S., as Mr. Trump claims? Is the Korus really bad for the U.S. economy?
    Citation
    Suh, Jin Kyo. 2017. Is the Korea-U.S> FTA Really So Bad for the U.S. Economy?. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/7830.
    Keywords
    Resources evaluation
    Input output analysis
    Import volume
    Export volume
    Export Development
    Economic agreements
    International market
    Import policy
    Export policy
    Project Evaluation & Review Technique
    Operations Evaluation
    Evaluation
    World Trade
    Trade Volume
    Trade Promotion
    Trade Flows
    Trade Development
    Patterns Of Trade
    Participatory monitoring and evaluation
    Participative management
    Foreign trade routes
    Trade routes
    Foreign trade and employment
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    Citable URI
    http://hdl.handle.net/11540/7830
    Metadata
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    KIEP_opinions_no123.pdf (205.1Kb)
    Author
    Suh, Jin Kyo
    Theme
    Evaluation
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise