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

not limited to, policies on commercial activities within the exclusive economic zones of the
parties and scientific research on fisheries matters.
FTA Chapter 23—Exceptions
This chapter covers general exceptions to particular chapters of the FTA and mentions
specific provisions of various WTO agreements providing exceptions, incorporating these
provisions by reference. Such exceptions relate to national measures on such subjects as the
protection of human, animal, or plant life or health. The chapter also exempts the disclosure
of information on essential security, taxation, or law enforcement matters and provides that
disclosure of information contrary to the public interest or prejudicial to legitimate
commercial interests of public or private enterprises cannot be required.
FTA Chapter 24—Final Provisions
This chapter contains the legal mechanisms for acceding to the FTA and putting it into force,
along with a provision making the agreement’s annexes a part of its legal text. The parties
agree to consult on any changes made to provisions of the WTO Agreement incorporated in
this FTA to determine if the same obligations will apply under the FTA. If the parties each
agree, any country or group of countries could accede to the FTA. The FTA would enter into
force 60 days after an exchange of written notifications that each party has completed its
legal requirements or procedures, or on a later agreed date. The agreement would terminate
6 months after either party advises the other in writing that it wishes to do so. The Korean
and English texts of the FTA would be legally authentic.
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