of goods (Government ofChile, 2004). It has been four years since theKorea-ChileFTA has been in effect. Therefore, it seems essential to review the results ofKorea-ChileFTAandto analyze the impact ofthe negotiation to discuss dilemmas and challenges oftheKorean grape economy after theFTA with Chilein preparing for future trade agreements.
A. Korean Economy
TheKorean economy is
to over 1000 times greater compared toKorean films. Although many Korean films are produced, a significant number ofthem do not make it totheaters due to competition. They support the view the free trade is mechanism by which powerful economies dominate the weaker ones. They argue that cinematograph films especially is a way powerful economies indirectly and negatively affect dominant cultures
in early December 2010 in Maryland, Presidents Obama and Lee announced on December 4, 2010, that a deal had been reached; they subsequently signed an updated version ofthe agreement.
- December 2010
The December 2010 deal represented a compromise between the two sides. Significant concessions were granted tothe U.S. on trade in automobiles: tariff reductions forKorean automobiles were delay
and customs. To avoid evasion (through re-exportation) the countries use the system of certification of origin most commonly called rules of origin, where there is a requirement forthe minimum extent of local material inputs and local transformations adding value tothe goods. Goods that don't cover these minimum requirements are not entitled forthe special treatment envisioned inthe free trad
of Brazil from 2003 to 2011.
A founding member ofthe Workers' Party (PT – Partido dos Trabalhadores), he ran for President three times unsuccessfully, first inthe 1989 election. Lula achieved victory inthe 2002 election, and was inaugurated as President on 1 January 2003. Inthe 2006 election he was re-elected for a second term as President, which ended on 1 January 2011. He isoften re