Ⅰ. Korea-EUFTA negotiation background and
trade present condition.
Ratio by year that EU occupies in whole import and export
It is trend that import is decreases from the EU in total revenue within the latest 5 year, and export is increasing
3. How different is the negotiation with EU from the one with USA?
FTA is a reciprocal preferential agreement, making it necessary f
FTA negotiation
Tariff elimination
- big car : in 3 year
- small car(less than 1500cc) : in 5 year
Duty drawback
1) The main object of fail : Negotiation About Customs Tax and Refund Feasibility : Duty drawback
→ At first, South Korea demanded maintenance of customs tax and refund feasibility.
2) Viewpoint
→ A viewpoint of South Korea
If there is abolition of customs tax
Ⅰ. FTA(Free Trade Area)
(1)The Definition of FTA
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
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
Intro
Formal negotiation between Turkey and Korea began in April 2010. This negotiation was dealing with issues regarding bilateral trade liberalization in goods and services. The second round of FTA talks was kicked off on June 2010. During this talk, more in-depth discussion on four sectors including goods, services and investments, regulations, and government procurement were adopted. Aft