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

7 Pages Posted: 23 Oct 2013 Last revised: 26 Oct 2013

See all articles by Young Gui Kim

Young Gui Kim

Korea Institute for International Economic Policy

Jin Kyo Suh

Korea Institute for International Economic Policy

Jong Duk Kim

Korea Institute for International Economic Policy

Seungrae Lee

Korea Institute for International Economic Policy

Jungu Kang

Korea Institute for International Economic Policy

Hyuk-Hwang Kim

Korea Institute for International Economic Policy

Joun Won Lee

Korea Institute for International Economic Policy

Jumi Lee

Korea Institute for International Economic Policy

Date Written: May 20, 2013

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.

Keywords: Korea-U.S. FTA

Suggested Citation

Kim, Young Gui and Suh, Jin Kyo and Kim, Jong Duk and Lee, Seungrae and Kang, Jungu and Kim, Hyuk-Hwang and Lee, Joun Won and Lee, Jumi, The First Anniversary Evaluation of the Korea-U.S. FTA and Its Implications (May 20, 2013). KIEP Research Paper No. World Economy Update-13-22, Available at SSRN: https://ssrn.com/abstract=2320951 or http://dx.doi.org/10.2139/ssrn.2320951

Young Gui Kim (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jin Kyo Suh

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jong Duk Kim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Seungrae Lee

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jungu Kang

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Hyuk-Hwang Kim

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Joun Won Lee

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jumi Lee

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

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