On the way towards tighter Trans-Pacific Trade relations. The case of the U.S.-Republic of Korea Free Trade Agreement (KORUS FTA)
On the way towards tighter Trans-Pacific Trade relations. The case of the U.S.-Republic of Korea Free Trade Agreement (KORUS FTA)

Summary/Abstract: The paper addresses the issue of a new generation trade agreement between the United States and the Republic of Korea which entered into force in March 2012. The author takes a closer look at the strategic motives of this accord, as well as its first trade effects from the standpoint of the South Korean economy. Because of high competitiveness of both trading partners, particular emphasis is also put on the clusters of high-tech products and identification of the most important tendencies in this area. In order to provide a broader outlook, the author uses trade data of the International Trade Centre covering the period 2001–2014, which serves as a background for an identification of possible roots of contemporary phenomena.

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