Monday, January 30, 2006

KAFTA: The Next Big Free Trade Agreement

The Washington Post reports that the U.S. and South Korea will likely announce the opening of talks to sign a comprehensive free trade agreement. For the U.S, such an agreement would represent the most economically significant free trade agreement since the implementation of NAFTA in 1994.

As Roger has noted, the U.S. free trade strategy under President Bush has been to negotiate bilateral free-trade agreements with the most important U.S. trading partners (Singapore, Australia, Chile, Central America, etc). From a free trade perspective, this is better than nothing, but many trade scholars prefer worldwide free trade schemes to these regional or bilateral pacts.

One interesting question for the U.S. and South Korea is whether the two parties will include a dispute resolution system as aggressive and comprehensive as NAFTA (so aggressive that it has sparked this lawsuit challenging its constitutionality). That seems unlikely, largely because it seems unnecessary, but something to keep an eye on.


Blogger beautifuls said...

Buy cheap Classic Cambridge Satchel Music Cambridge Satchel Designer Cambridge Satchel Metallic Cambridge Satchel and Limited Cambridge Satchel with cheap price and high quality. Fluro Orange Cambridge Satchel

2/27/2012 3:09 AM  
Blogger xinag zhong said...

From a Buy rs goldno cost trade perspective, this can be better than nothing, but a majority of business college students favor throughout the world cost-free trade strategies about bat roosting Diablo 3 items localised or bilateral pacts.

7/28/2012 1:50 AM  
Blogger Ace Maxs said...

I just couldn’t leave your website prior to suggesting that I really enjoyed the usual information a person supply on your guests?
Is going to be again regularly to check up on new posts
Obat Rheumatoid Arthritis Herbal, Obat Kanker Prostat Alami

3/27/2015 11:23 PM  
Blogger Fikri Ferdiansyah said...

I am really impressed with your writing skills and also with the layout on your blog.
Is this a paid theme or did you modify it yourself?
Either way keep up the nice quality writing, it is rare to see a great
blog like this one these days.
Gejala Awal Penyakit Tumor Otak, Gejala Kanker Rahim, Obat Herbal Wasir, Obat Batuk Berdarah Herbal, Cara Mengobati Penyakit Jantung Lemah

4/07/2015 12:29 AM  

Post a Comment

<< Home