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

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National Potato Council (NPC). “Comments in support of the U.S.-Korea Free Trade Agreement.” Written submission to the USITC, June 19, 2007. ______. “National Potato Council Applauds Completion of U.S.-Korea Free Trade Agreement (April 3, 2007).” Washington, DC, 2007. http://www.nationalpotatocouncil.org/NPC/pressroom_pressreleases.cfm. National Statistical Office. Republic of Korea. http://www.nso.go.kr/. Noumba, Paul, and Severine Dinghem. “Private Participation in Infrastructure Projects in the Republic of Korea.” The World Bank. World Bank Policy Research Working Paper 3689, September 2005. Organization for Economic Cooperation and Development (OECD). Trade Directorate. Trade Committee. Working Party of the Trade Committee. "Assessing Barriers to Trade in Services, Revised Consolidated List of Cross-sectoral Barriers." TD/TC/WP(99)58/FINAL. February 28, 2001. ______. “The Economic Impact of Trade Facilitation.” Working Paper No. 21, October 12, 2005. ______. “Report by the Chair of the Employment, Labour and Social Affairs Committee to the OECD Council.” May 29, 2007. Overby, Tami. President and CEO. AMCHAM in Korea. Testimony before the House Committee on Ways and Means in connection with the U.S.-Korea Free Trade Agreement, March 20, 2007. Paramount Farms. “U.S. Pistachio Growers Welcome Successful Conclusion of Korea-U.S. Free Trade Agreement (April 2007).” Washington, DC, 2007. Park, Hoon. “The Effect of the US-China Textile Agreement on Korea.” News Brief: E-Kiet Industrial and Economic Information 279 (November 28, 2005). http://www.kiet.re.kr/UpFile/newsbrief/1138173944820.pdf. Peng, Tingjun, and Thomas K. Cox. “An Economic Analysis of the Impacts of Trade Liberalization on Asian Dairy Market.” Food Policy 31 (2006). Pettersson, Edvard. “Seoul Poised to Admit Foreign Law Offices.” International Herald Tribune, November 8, 2006. http://www.iht.com/. Pharmaceutical Research and Manufacturers of America (PhRMA). “PhRMA Statement on the U.S.-Korea Free Trade Agreement (April 3, 2007).” http://www.phrma.org/news_room/press_releases/phrma_statement_on_the_U.S.-korea_free_trad e_agreement/. Phillips, Tim. “US petfood exports rebounding.” Petfood Industry, December 2006. http://www.petfoodindustry.com/viewarticle.aspx?id=12644. Pittenger, Michele Marini. President. Travel Goods Association. Written submission to the USITC, June 27, 2007. Porter, Michael, et al. The Global Competitiveness Report. World Economic Forum. New York: Palgrave, 2000. Biblio-18
Powers, Mark. Northwest Horticulture Council. Written submission to the Trade Policy Staff Committee, Office of the USTR in connection with the U.S.-Korea Free Trade Agreement, March 14, 2006. Pratt, Neil C. Senor Director, International Trade and Trade Counsel, Society of the Plastics Industry. “Re: U.S.-Korea Free Trade Agreement: Potential Economy-wide and Selected Sectoral Effects.” Written submission to the USITC, June 21, 2007. Prestowitz, Clyde. “Reference: Investigation No. TA-2104-24: U.S.-Korea Free Trade Agreement: Potential Economy Wide and Selected Sectoral Effects.” Written submission to the USITC on behalf of FormFactor, Inc., May 23, 2007. Primetrica. “Country Profile: Korea.” GlobalComms Database, April 25, 2006. Primosch, William. Senior Director, International Business Policy, NAM. Testimony before the Trade Policy Staff Committee, Office of the USTR, “Proposed United States-Korea Free Trade Agreement,” March 14, 2006. Purdue University. Department of Agricultural Economics. Center for Global Trade Analysis. Global Trade Analysis Project (GTAP), version 6 (last update January 18, 2007). https://www.gtap.agecon.purdue.edu/databases/v6/v6_doco.asp. Read, Dan. “The Harsh Reality of Migrant Labor in South Korea,” Znet, May 19, 2007. http://www.zmag.org/content/showarticle.cfm?ItemID=12856. Reis, Robert C., Jr. Executive Vice President. USKBC; Senior Director, Japan and Korea. U.S. Chamber of Commerce. Testimony before the USITC in connection with inv. No. TA-2104-24, June 20, 2007. Hearing transcript. Reuther, Alan. “Statement by Alan Reuther, Legislative Director, International Union, United Automobile, Aerospace, and Agricultural Implement Workers of America on the Subject of The United States-Korea Free Trade Negotiations Before the Subcommittee on Trade, CWM, U.S. House of Representatives,” March 20, 2007. Richardson, Sophie. “Not a Sweatshop, but No Workers' Heaven'.” JoongAng Daily, October 8, 2006. http://hrw.org/english/docs/2006/10/08/nkorea14365.htm. Ringwood, Irene. Ball Janik LLP (counsel). “Submission to the USITC regarding the U.S.-Republic of Korea Free Trade Agreement: Potential Economy-wide and Selected Sectoral Effects.” Written submission to the USITC on behalf of the American Dehydrated Onion and Garlic Association, June 19, 2007. Rochette, Peggy, S. Food Products Association. “Public Comments Regarding Proposed Free Trade Agreement with the Republic of Korea.” Written submission to the Trade Policy Staff Committee, Office of the USTR, March 23, 2006. Rose, Michael. “Outward Bound.” PricewaterhouseCoopers. PwC Automotive Institute Analyst Note, December 13, 2006. http://www.pwcautomotiveinstitute.com/index.asp?com=57. Samil PricewaterhouseCoopers. Annual Report 2005. http://www.pwc.com/extweb/aboutus.nsf/9f2611d5e33ffe2180257148004ea1bc/d5bee80c7e9873 88ca25713a002f77b8/$FILE/SamilPwC_AR2005.pdf. Biblio-19
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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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GPHA stated in testimony before the
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Box 6.3 Labor market conditions in
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FTA Chapter 20—Environment 131 As
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trade measures are the least disrup
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FTA Chapter 22-Institutional Provis
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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 and 270: AT&T. “AT&T Reaction to Free Trad
Page 271 and 272: ______. “Korea-U.S. Free Trade Re
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: Nam, In-Soo. “Helio's Losses To W
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
Page 320 and 321: The transparency provisions would a
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Page 326 and 327: procedures), and practices of a par
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Page 330 and 331: of standards and criteria and on te
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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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