I. Introduction
As the world is becoming increasingly interconnected, free trade is rapidly becoming the standard norm on international economics. Korea and China are no exceptions to this trend and are in the early stage of negotiating a free trade agreement (FTA). So why is Korea pursuing to establish free trade with China? From 2004, China has replaced the United States as Korea’s number
5. History of US-Korea FTA
Although the treaty was signed on June 30, 2007, ratification of the agreement stalled when President George W. Bush's fast-track trade authority expired and a Democrat-controlled U.S. Congress expressed objections to the treaty related to concerns over bilateral trade in automobiles and U.S. beef exports. Nearly three years later, on June 26, 2010, President Barack Ob