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Author: Dan Ciuriak
Publisher:
ISBN:
Category :
Languages : en
Pages : 37
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Book Description
This paper analyzes the impact of the Canada-Korea Free Trade Agreement on the basis of the published text and agreed schedule of commitments. We find that the Agreement reinforces existing patterns of comparative advantage between Canada (agriculture and resource-based sectors) and Korea (autos and other industries). The sensitive sectors that held up the deal for years -- autos into Canada and beef into Korea -- witness major trade gains, but are not unduly disrupted. In both economies, the major output gains otherwise come in non-traded services sectors, driven by income effects. We find that trade diversion effects are quite significant; this lends support for the domino theory of major free trade agreements -- since the Korea-EU agreement broke the ice, the pressure has intensified on third parties to re-level playing fields by striking their own deals. The study breaks new ground in modelling services trade by developing policy impacts based on the extent to which the text of the Agreement modifies Korea's and Canada's scores on the OECD's Services Trade Restrictiveness Index and by providing estimates of Mode 3 Services trade impacts. The analysis of the Agreement as negotiated, the present study, in our view, is a step forward in understanding the impact of modern free trade agreements.
Author: Dan Ciuriak
Publisher:
ISBN:
Category :
Languages : en
Pages : 37
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Book Description
This paper analyzes the impact of the Canada-Korea Free Trade Agreement on the basis of the published text and agreed schedule of commitments. We find that the Agreement reinforces existing patterns of comparative advantage between Canada (agriculture and resource-based sectors) and Korea (autos and other industries). The sensitive sectors that held up the deal for years -- autos into Canada and beef into Korea -- witness major trade gains, but are not unduly disrupted. In both economies, the major output gains otherwise come in non-traded services sectors, driven by income effects. We find that trade diversion effects are quite significant; this lends support for the domino theory of major free trade agreements -- since the Korea-EU agreement broke the ice, the pressure has intensified on third parties to re-level playing fields by striking their own deals. The study breaks new ground in modelling services trade by developing policy impacts based on the extent to which the text of the Agreement modifies Korea's and Canada's scores on the OECD's Services Trade Restrictiveness Index and by providing estimates of Mode 3 Services trade impacts. The analysis of the Agreement as negotiated, the present study, in our view, is a step forward in understanding the impact of modern free trade agreements.
Author: Canada. Parliament. House of Commons. Standing Committee on International Trade
Publisher:
ISBN:
Category : Canada
Languages : en
Pages : 108
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Book Description
Author: Mary Jane Bolle
Publisher: BiblioGov
ISBN: 9781293246788
Category :
Languages : en
Pages : 26
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Book Description
The Obama Administration finalized negotiations with South Korea in early December 2010 on a bilateral free trade agreement. As a result, the administration is expected to submit implementing legislation to the 112th Congress on the proposed agreement, but to date has not indicated a timeline for doing so. The 112th Congress may also be asked to consider implementing legislation for proposed free trade agreements with Columbia and Panama. Congress not only plays a direct role in approving legislation that implements the provisions of free trade agreements, but also authorizes and appropriates funding for programs that are meant to provide special assistance to firms and workers that are dislocated as a result of lower barriers to trade. Since the proposed agreement covers a wide range of trade and investment issues, it could have substantial economic implications for both the United States and South Korea. South Korea is the seventh-largest trading partner of the United States, and the United States is South Korea's third-largest trading partner. Similar to other trade agreements, the proposed U.S.-South Korea Free Trade Agreement (KORUS-FTA) has attracted both supporters and detractors, primarily over the impact the agreement could have on employment in the economy. Supporters argue that the ...
Author: Kōzō Kiyota
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 76
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Author: In-bŏm Chʻoe
Publisher: Peterson Institute
ISBN: 9780881323115
Category : Business & Economics
Languages : en
Pages : 156
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Book Description
This study examines the economic and political benefits of the U.S. pursuing Free Trade Agreement negotiations with Korea, which is pursuing FTA accords as part of a strategy to restructure its economy and sustain the recovery from its 1997-98 economic crisis. The authors examine the impact of a prospective pact on other trading partners, on the Asia-Pacific Economic Cooperation, and on the multilateral trading system.
Author: Jeffrey J. Schott
Publisher: IRPP
ISBN: 9780881320732
Category : Business & Economics
Languages : en
Pages : 216
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Book Description
A joint conference was held in Washington in January, 1988, to assess the major features of the agreement. This volume includes the papers prepared for that conference, and the remarks of discussants on each paper. Includes a US and Canadian perspective, dispute resolution mechanisms, the auto sector, implications of the energy provisions, services and investment, implications for the Uruguay round, and the political perspectives from a Canadian government minister and a US administration representative.
Author: Dan Ciuriak
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
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Book Description
This paper analyzes the impact of the Canada-Korea Free Trade Agreement (CKFTA) on the basis of the published text and agreed schedule of commitments. We find that the CKFTA tends to reinforce existing patterns of comparative advantage between Canada and Korea: for Canada, the agricultural sector gains and, for Korea, the industrial sector gains. The sensitive sectors that had held up the deal for years - autos into Canada and beef into Korea - are also the sectors where the major gains are expected. In both economies, the major output gains otherwise come in non-traded services sectors, driven by the deal's income effects. We find that trade diversion effects are quite significant; this lends support for the domino theory of major free trade agreements - since the Korea-EU agreement broke the ice, the pressure intensifies on third parties to claw back lost preferences by striking their own deals. The evaluation remains ex ante in nature, as the agreement has not been implemented and the trade value assigned to the commitments in the services and investment areas remain to be validated Whether the various transparency and facilitation measures simply remove nuisance factors in services trade and investment or whether they materially affect the costs, resulting in expanded trade flows and inducing investment, will need to be evaluated on an ex post basis. The present study is nonetheless, in our view, a step forward in understanding the impact of the CKFTA.
Author: Institute for Research on Public Policy
Publisher: IRPP
ISBN: 9780886450618
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
The implementation of the proposed agreement would remove many of the remaining barriers to commerce between Canada and the US, but there remain many details of the proposed Agreement and many potential consequences uncertain. This volume contains the proceedings of a conference that sought to provide a neutral forum to assess the implications for Canada. Analyses the elements of the Agreement, and the regional, sectoral and labour market adjustment issues and broader concerns with respect to cultural, economic and political sovereignty.
Author: Asian Development Bank. Office of Regional Economic Integration
Publisher:
ISBN:
Category : Asia
Languages : en
Pages : 168
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Author: United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 152
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Book Description
