U.S.-Korea Free Trade Agreement: Potential Economy-wide ... - USITC

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Brown, Shawn. Generic Pharmaceutical Association. “Proposed Free Trade Agreement with Republic of Korea.” Testimony before the Trade Policy Staff Committee, Office of the USTR, March 14, 2006. Brown, Sherrod. Senator (D-OH). U.S. Senate. “Re: U.S.-Korea Free Trade Agreement: Potential Economy-wide and Selected Sectoral Effects, Inv. No. TA-2104-24.” Written submission to the USITC, June 20, 2007. ______. “U.S.-Korea Free Trade Agreement: Potential Economy-wide and Selected Sectoral Effects, Inv. No. TA2104-24.” Testimony before the USITC, June 20, 2007. Buhr, Brian. Testimony before the USITC on behalf of the National Pork Producers Council in connection with the U.S.-Korea Free Trade Agreement, June 20, 2007. Hearing transcript. http://edisweb.usitc.gov/edismirror/2104-024/Final/276306/322469/113/881cd3.pdf. Bureau van Dijk Electronic Publishing. Bankscope Database. https://bankscope.bvdep.com/cgi/template.dll?product=4. ______. Orbis Database. http://orbis.bvdep.com/version-200772/cgi/template.dll?product=13. Burke, Kevin M. President and CEO. American Apparel and Footwear Association. Written submission to the USITC in connection with invs. Nos. TA-131-32 and TA-2104-21, March 24, 2006. Business Roundtable. “Real Liberalization in the U.S.-Korea FTA: Moving Beyond the Traditional FTA,” June 2006. http://trade.businessroundtable.org/trade_2006/korea/korea_paper.pdf. Business Wire. “Medical Devices Market in South Korea is Favourable Due to High Healthcare Spending and a Developed Economy.” http://www.allbusiness.com/. California Farm Bureau Federation. “United States-South Korea Free Trade Agreement: What it would mean for California Agriculture.” California Table Grape Commission. Written submission to the USITC in connection with the U.S.-Korea Free Trade Agreement, June 25, 2007. California Tomato Growers Association, Inc. Written submission to the USITC in connection with the U.S.-Korea Free Trade Agreement, June 25, 2007. ______. “Public Comments Regarding Proposed Free Trade Agreement with the Republic of Korea.” Written submission to the Trade Policy Staff Committee, Office of the USTR, n.d. Choi, He-suk. “FTA—A Stepping Stone for Korean Auto and Steel Makers.” The Korea Herald, April 11, 2007. http://www.koreaherald.co.kr/archives/result.asp. Choi, Inbom and Jeffrey J. Schott. “Free Trade Between Korea and the United States?” Washington, DC: Institute for International Economics (IIE), April 2001. Biblio-4
______. “Korea-U.S. Free Trade Revisited.” In Free Trade Agreements: U.S. Strategies and Priorities, edited by Jeffery J. Schott. Washington, DC: Institute for International Economics (IIE), 2004. Choi, Kyung-Soo. “Republic of Korea: The Potential of E-Procurement.” Fighting Corruption and Promoting Integrity in Public Procurement. Paris: OECD, 2005. Clawson, Jim and Jim Gore. JBC International. “Comments to the U.S. International Trade Commission concerning the U.S.-Korea Free Trade Agreement (KORUS): Potential Economy-wide and Selected Sectoral Effects.” Written submission to the USITC on behalf of the Wine Institute and the California Association of Winegrape Growers, June 27, 2007. Coalition of Services Industries (CSI). “Written Testimony on the Free Trade Agreement Between the United States and Korea for the Trade Policy Staff Committee, Office of the USTR.” Testimony before the Trade Policy Staff Committee, Office of the USTR, March 14, 2006. Cohen, Calman J. President. ECAT. Testimony before the House Committee on Ways and Means, Subcommittee on Trade in connection with the U.S.-Korea Free Trade Agreement Negotiations, March 20, 2007. ______. “Re: U.S.-Korea Free Trade Agreement: Potential Economy-wide and Selected Sectoral Effects, Investigation No. TA-2104-24–Written Submission.” Written submission to the USITC, June 27, 2007. Collins, Stephen J. Automotive Trade Policy Council. Testimony before the House Committee on Ways and Means, Subcommittee on Trade in connection with the United States-Korea Free Trade Agreement, March 20, 2007. Congressional Research Service (CRS). “The Berry Amendment: Requiring Defense Procurement to Come from Domestic Sources,” April 21, 2005. ______. “The Proposed South Korea-U.S. Free Trade Agreement (KORUS FTA),” April 23, 2007. Consumer Electronics Association. “CEA Comments on a U.S.-Korea FTA,” April 6, 2006. http://www.ce.org/shared_files/initiatives_attachments/309293CEA%20KFTA%20comments%2 0FINAL.pdf. Cooper, Mitchell J. Counsel. “Investigation TA-2104-24, United States - Korea Free Trade Agreement, Views of the Rubber and Plastic Footwear Manufacturers Association on the Potential Economic Effects of the Agreement as it Applies to the Rubber Footwear Industry.” Written submission to the USITC on behalf of the Rubber and Plastic Footwear Manufacturers Association, May 17, 2007. Cooper, William H. and Mark E. Manyin. “The Proposed South Korea-U.S. Free Trade Agreement.” CRS Report for Congress, May 24, 2007. Cracker, The. “Estimated World Almond Production,” April 2007. Biblio-5
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U.S. International Trade Commission
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This report was prepared principall
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CONTENTS-Continued Chapter 3. Secto
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CONTENTS—Continued Chapter 5. Imp
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CONTENTS-Continued Chapter 7. Liter
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CONTENTS-Continued Tables—Continu
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Abbreviations and Acronyms 3G third
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Abbreviations and Acronyms—Contin
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Abbreviations and Acronyms—Contin
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vehicles) would likely be diverted
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Sector-specific Assessments The U.S
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total increased fish imports from K
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Korea would likely limit the impact
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Intellectual property rights (IPR):
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sector barriers. 5 These merchandis
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Table 1.1 U.S.-Korea FTA: Location
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Table 1.2 Korean tariff rates on im
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Table 1.4 U.S.-Korea FTA: Summary o
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observed GDP for model regions). Th
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Box 2.1 Interpreting the model resu
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Table 2.1 U.S.-Korea FTA: Simulated
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2-8 This page has been updated to r
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Figure 2.2 U.S-Korea FTA: Simulated
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As shown in figure 2.2, the largest
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2-14 This page has been updated to
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Economy-wide Impact of Implementing
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Grain (Wheat, Corn, and Other Feed
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Korea imported 3.8 million mt of wh
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U.S. oilseed product exports to Kor
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Table 3.2 U.S. oilseed product expo
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Table 3.3 Animal feed exports to Ko
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consumed domestically by the U.S. l
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ates. For corn starch, the United S
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quota rates have been effectively e
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Noncitrus Fruit 87 Views of Interes
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3-20 Table 3.9 U.S.-Korea trade and
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Korean grapes are much more costly
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Potato Products 122 Assessment The
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ate is 304 percent ad valorem. 141
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Other Vegetables 162 Assessment The
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U.S. exports of other fresh and pro
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tariff concessions that could accru
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Dairy Products 215 Similarly, the p
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TRQ for food whey, 223 based on cur
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potential changes in trade based so
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Figure Figure 3.1 Korea: Beef and v
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Views of Interested Parties The inc
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are subject to the same food safety
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enefit under the provisions of this
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Box 3.2 Potential price and quantit
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50 percent, while the vegetable jui
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and major supplier, and U.S. tariff
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textiles and apparel through 2005.
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U.S. Exports The impact of the FTA
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passage. NCTO indicated that, even
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In its report, the ITAC on Distribu
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of the U.S. footwear market, with C
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of these producers. 362 RPFMA noted
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prohibit improper inducements by ph
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Machinery, Electronics, and Transpo
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U.S. exports of auto parts would be
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imports from and exports to Korea.
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Passenger Vehicles 433 Assessment U
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Table 3.16 Korean passenger vehicle
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import activities have continued
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Box 3.4 Automotive-related FTA Prov
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access. The FTA affirms the parties
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gaining U.S. market share regardles
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keep the products out.” 492 Mr. B
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these vehicles to Korea. The commit
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Brown expressed concern about the r
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goods; and high-technology medical,
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device pricing, reimbursement, and
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CHAPTER 4 Impact of Market Access P
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elative to GDP than do China, Japan
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services as a substantial improveme
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Box 4.2 Financial services: Competi
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Summary of Provisions Chapter 13 of
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national treatment, full establishm
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Box 4.4 Competitive conditions in t
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and cross-connect links 70 are more
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Box 4.5 U.S. legal services trade w
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establish offices in Korea to provi
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Box 4.6 Competitive conditions in t
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equirements and foreign ownership r
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CHAPTER 5 Impact of Trade Facilitat
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publication and administration of t
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Views of Interested Parties In its
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Summary of Provisions This chapter
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use of TBTs to protect Korea’s au
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conformity assessment procedures el
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FTA Chapter 15-Electronic Commerce
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Views of Interested Parties The U.S
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quantities as to be a substantial c
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that such transshipment could imped
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Box 6.1 Foreign investment in Korea
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in the FTA. The awards made by any
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Table 6.1 U.S.-Korea FTA: Industry
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(ITAC 5) report cited as particular
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Section C of Chapter 11 and the lac
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practices, and violations of consum
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FTA Chapter 17—Government Procure
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Both the United States and Korea ar
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8) 87 also expressed support for th
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Box 6.2 Recent conditions of IPR pr
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protection to life of the author pl
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Views of Interested Parties A numbe
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Page 222 and 223: Box 6.3 Labor market conditions in
Page 224 and 225: FTA Chapter 20—Environment 131 As
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Page 228 and 229: FTA Chapter 22-Institutional Provis
Page 230 and 231: Views of Interested Parties The Ind
Page 233 and 234: CHAPTER 7 Literature Review and Sum
Page 235 and 236: 7-3 Table 7.1 Model, liberalization
Page 237 and 238: terms. Much of the increase in U.S.
Page 239 and 240: Liberalization generated small incr
Page 241 and 242: Sander Levin, Member of the U.S. Ho
Page 243 and 244: Regarding footwear and travel goods
Page 245 and 246: Korea’s establishment as a region
Page 247 and 248: The California Table Grape Commissi
Page 249 and 250: order activity, and facilitate expa
Page 251 and 252: At the Commission’s hearing, Mr.
Page 253 and 254: Information Technology Industry Cou
Page 255 and 256: With respect to tariff and nontarif
Page 257 and 258: deterring illegal transshipments. I
Page 259 and 260: PhRMA identified what it views as t
Page 261 and 262: the TIA stated that it supports the
Page 263 and 264: access to the market. The Council a
Page 265 and 266: United States, Spain, Chile, Brazil
Page 267 and 268: Bibliography Advanced Medical Techn
Page 269: AT&T. “AT&T Reaction to Free Trad
Page 273 and 274: ______. “Country Finance: South K
Page 275 and 276: Global Trade Information Services I
Page 277 and 278: International Labor Organization (I
Page 279 and 280: Jones, Laura E. Executive Director.
Page 281 and 282: Lee, Hyunok, and Daniel A. Sumner.
Page 283 and 284: Nam, In-Soo. “Helio's Losses To W
Page 285 and 286: Powers, Mark. Northwest Horticultur
Page 287 and 288: Smith, Brad. American Council of Li
Page 289 and 290: U.S.-Korea Business Council (USKBC)
Page 291 and 292: ______. “Korea, Republic of Oilse
Page 293 and 294: U.S. International Trade Commission
Page 295 and 296: Ward, David. American Council on Ed
Page 297: APPENDIX A Request Letter from USTR
Page 301: APPENDIX B Federal Register Notices
Page 304 and 305: pwalker on PROD1PC71 with NOTICES 2
Page 307: APPENDIX C Hearing Participants
Page 310 and 311: ORGANIZATION AND WITNESS: PANEL 1 (
Page 313: APPENDIX D U.S.-Korea FTA: Chapter-
Page 316 and 317: fees and charges on trade in goods
Page 318 and 319: determines the tariff classificatio
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The transparency provisions would a
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necessary duties within 1 year of i
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technical regulation or conformity
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procedures), and practices of a par
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aviation, fisheries, or maritime ma
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of standards and criteria and on te
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of the FTA that impose unilateral o
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use of electronic authentication in
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parties’ rights and obligations u
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establishment of Uniform Domain-Nam
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government to take appropriate meas
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environmental laws. 102 In the U.S.
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not limited to, policies on commerc
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Economic indicators 2002 2006 Popul
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Table E.1 Leading U.S. exports to K
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APPENDIX F GTAP Model
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Updating the GTAP Database The curr
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Key Assumptions Agency. 4 The price
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Table F.2 U.S.-Korea FTA benchmark
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Measuring the Impacts of the FTA an
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General Effects of Trade Agreements
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APPENDIX H Tariff Equivalents in Ko
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Previous Literature The method for
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For the purposes of this report, a
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Table H.1 Tariff equivalents in Kor
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APPENDIX I Services Nonconforming M
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Table I.1 U.S.-Korea FTA: Korean se
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APPENDIX J Description of Possible
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are in effect import prices, and th
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APPENDIX K Overview of Agricultural
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Additionally, although current regu
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About This Report The United States
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