Korea-U.S FTA becomes a serious national problem in Korea. There was very noisy last month. I am searching the web for seeing the FTA. I felt that it is more important issue than other issues when we have discussion this class. This is why it has national interest in the future. I think that free trade agreement is absolutely necessary with other countries. However, KORUS FTA has many unfair rules. The plan should be changed a lot following these reasons.
To begin with, we have to take a more long-term view. Also, we should know that we do not get only advantages but it is an illogical system for us. There are 12 unfair rules. For example, if U.S. law collides over Korea-U.S FTA in United States, FTA is neglected but it is reversed in Korea. If Korean law collides over Korea-FTA, Korean law is neglected in Korea. What a foolish law! I know that it is an arrangement between powerful nation and small country but it is despotic. It is unbelievable that the ruling party have permitted this law to go ahead without the acquiescence of the opposition party while some people put on demonstrations protesting the conclusion of the FTA.
In summary, FTA is important agreement and essential. ‘Free trade agreement’ it sounds good. However, this agreement was completely one-sided. Agreement has many one-sided rules. It needs an amendment of the agreement. Of course I do not know well about this issue but I do really worry about that. I hope that Korea-U.S FTA helps us to promote the economy between the two nations.
in economics, there is term, rule of preferability . we have to consider fta between big nation(us) and small nation(korea) through the view in the rule of preferability or other point of wiew. good day junghun!
답글삭제I also knew 12 poisonous provisions, it is biased only one side. actually some part of the fta could be damaged to us, so hope the negotiators will be able to re-negotiate with them.
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