1. Introduction
These days, we can see easily some gathered people on TV who demonstrate against KOREA-U.S. FTA (KORUS FTA) on the street around Seoul City Hall and hold candles on their hands, which is a kind of demonstration parade in the Republic of Korea. Even though a lot of people in Korea raised objection to FTA, KORUS FTA which made a lot of issues was ratified in the National Assembly
FTA by the end of 2005. In December 2003 South Korea and Japan convened their first formal governmental-level talks on signing FTA in Seoul touching the issues of removal of tariff and non-tariff trade barriers, tariff rates, liberalization of the service sector, investment expansion, intellectual property rights, competition policies and broad economic cooperation. Eventually in 2005 negotiation
Investment
Investment agreement
Investment authorization
Investor of a non-Party
Investor of a Party
This Chapter does not bind either Party in relation to any act or fact that took place or any situation that ceased to exist before the date of entry into force of this agreement
This chapter is applied to central, regional, or local governments and non-governmental bodies in the
of their side to overwhelming the other side of power. It is true that Japan and China have almost same status of diplomatic and economic power, but no leadership of the region, so the one which get the cooperation of Korea would dominate the leadership and power in EAEC. Now it is quite clear the movement of both China and Japan’s wooing to Korea to agree on FTA with them first. They are curre
Ⅰ. FTA(Free Trade Area)
(1)The Definition ofFTA
Free Trade Area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them.
It can be considered the second stage of economic integration. the stage of economic integration
Economic integration is a term used to describe how different aspects between economi