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

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______. “Korea.” 2007 National Trade Estimate Report on Foreign Trade Barriers, Washington, DC: GPO, April 2, 2007. ______. “Letter of Notification to Congress of intent to negotiate FTA with Korea,” February 2, 2006. http://www.ustr.gov/. ______. “Q&As on U.S.-Korean FTA,” April 13, 2007. ______. “Strong Support for the U.S.-Korea (KORUS) Free Trade Agreement,” May 22, 2007. http://www.ustr.gov/assets/Document_Library/Fact_Sheets/2007/asset_upload_file608_11053.pd f. ______. “Trade Facts: Fact Sheet on Auto-Related Provisions in the U.S.-Korea Free Trade Agreement,” April 3, 2007. ______. “Trade Facts: Free Trade with Korea Summary of the U.S.-Korean FTA.” Washington, DC, April 2007. http://www.ustr.gov/assets/Document_Library/Fact_Sheets/2007/asset_upload_file939_11034.pd f?ht=. ______. “United States Wins WTO Semiconductor Case,” June 27, 2005. http://www.ustr.gov/Document_Library/Press_Releases/2005/June/United_States_Wins_Semicon ductor_Case.html. ______. “U.S.-Korea FTA (KORUS): Summary of Key Insurance Industry Gains,” Washington, DC, April 2007. U.S. Wheat Associates. Wheat Letter, June 28, 2007. UNEP. "Asia and Pacific Vehicle Standards and Fleets." Last updated January 2007. http://www.unep.org/pcfv/PDF/AsiaPacificVehicleMatrix-Jan2007.pdf. Vastine, Robert. President. CSI. Testimony before the House Committee on Ways and Means, Subcommittee on Trade in connection with the U.S.-Korea Free Trade Agreement, March 20, 2007. http://waysandmeans.house.gov/hearings.asp?formmode=view&id=5712. Verband der Automobilindustrie (VDA). Auto Annual Report 2007. http://www.vda.de/en/service/jahresbericht/files/VDA_2007_en.pdf. Verikios, and Zhang, Global Gains from Liberalising Trade in Telecommunications and Financial Services, October 2001: Australian Productivity Commission. Viner, J. The Customs Union Issue. New York: Carnegie Endowment for International Peace, 1950. Walther, Pamela D. McDermott, Will, and Emery. Counsel. “U.S.-Korea Free Trade Agreement: Potential Economy-Wide and Selected Sectoral Effects Inv. No. TA-2104-024.” Written submission the USITC on behalf of Welch Foods Inc., a Cooperative relating to grape juice, June 14, 2007. Wang, Yunjong and Inkyo Cheong. “The Effects of a Korea-U.S. FTA.” Journal of Korean Economic Analysis 3 (December 1998). Biblio-28
Ward, David. American Council on Education. “RE: U.S.-Korea Free Trade Agreement: Potential Economy-wide and Selected Sectoral Effects, Investigation No. TA-2104-24.” Written submission to the USITC, June 26, 2007. Weldbend Corporation. Testimony before the USITC in connection with the U.S.-Korea Free Trade Agreement, April 27, 2006. Winn, Melissa A. “Hyundai Will Spend $270 Million to Add a 4-Cylinder Engine Plant in Montgomery, Ala.” The Japan Automotive Digest, March 19, 2007. Wooton, Mike (Vice-President of Corporate Affairs, Sunkist Growers), conversation with Commission staff. Sherman Oaks, CA. World Bank. International Centre for Settlement of Investment Disputes. http://www.worldbank.org/icsid/. World Bank. Trade Blocs. New York: Oxford University Press, 2000. ______. “Republic of Korea: Accounting and Auditing.” Report on the Observance of Standards and Codes (ROSC), June 30, 2004. http://www.worldbank.org/ifa/rosc_cg_kor.pdf. ______. “WDI and GDF Online.” World Development Indicators Online and Global Development Finance Online Databases. http://web.worldbank.org/WBSITE/EXTERNAL/DATASTATISTICS/0,,contentMDK:20398986 ~menuPK:64133163~pagePK:64133150~piPK:64133175~theSitePK:239419,00.html. World Organization for Animal Health (OIE). Official Animal Health Status, “Bovine Spongiform Encephalopathy.” http://www.oie.int/eng/info/en_statesb.htm?e1d6. World Trade Organization (WTO). Council for Trade in Services-Special Session. “Republic of Korea, Revised Offer on Services.” TN/S/O/KOR/Rev.1, June 14, 2005. http://www.wto.org/. ______. Committee on Technical Barriers to Trade. Notification G/TBT/N/KOR/135, 2007. ______. Trade Policy Review Body (TPRB). “TPR, Republic of Korea, Report by the Secretariat.” WT/TPR/S/137, September 17, 2004. http://www.wto.org/english/tratop_e/tpr_e/tp235_e.htm. ______. Trade Policy Review Body (TPRB). “Minutes of Meeting Held on 31 October, Trade Policy Review Body.” WT/TPR/M/73, October 31, 2000. ______. “General Agreement on Trade in Services, Republic of Korea, Schedule of Specific Commitments.” GATS/SC/48, April 15, 1994. http://www.wto.org/english/tratop_e/serv_e/serv_commitments_e.htm. ______. “General Agreement on Trade in Services, United States of America, Schedule of Specific Commitments.” GATS/SC/90, April 15, 1994. http://www.wto.org/english/tratop_e/serv_e/serv_commitments_e.htm ______. “WTO, The General Agreement on Tariffs and Trade (GATT 1947), Articles VII and X.” July 1986. http://www.wto.org/English/docs_e/legal_e/gatt47_01_e.htm#articleVIII Biblio-29
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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
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CHAPTER 7 Literature Review and Sum
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7-3 Table 7.1 Model, liberalization
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terms. Much of the increase in U.S.
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Liberalization generated small incr
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Sander Levin, Member of the U.S. Ho
Page 243 and 244: Regarding footwear and travel goods
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Page 247 and 248: The California Table Grape Commissi
Page 249 and 250: order activity, and facilitate expa
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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 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: U.S. International Trade Commission
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 324 and 325: technical regulation or conformity
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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Page 336 and 337: parties’ rights and obligations u
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Page 340 and 341: government to take appropriate meas
Page 342 and 343: 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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