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Published online by Cambridge University Press: 07 May 2025
[The original Korean text is available here]
Lee Hae-young
On December 3, 2010 South Korea and the United States announced that they had reached agreement on a new KOREA-US FTA with comprise agreements on both automobiles and agriculture. The agreement may face difficult hurdles in the legislatures of both countries that must ratify it. This article examines the process and politics that led to the agreement.-U.S. Free Trade
1A duty drawback provision stipulates that import duties or taxes be repaid by a government, when imported goods are re-exported or used in the manufacture of exported goods. While the EU has forbidden this provision up to now in FTA with other countries, Korea has long maintained it.