Today, Prime Minister Shinzo Abe announced that Japan will officially join the Trans-Pacific Partnership (TPP). This comes a day after Prime Minister Abe received the okay to join TPP by his Liberal Democratic Party, a month after visiting President Obama and discussing the partnership, and more than a year since …
March 15 marks the first anniversary of the Korea–U.S. Free Trade Agreement (KORUS FTA). Over the past 12 months, a growing number of businesses in both countries have taken action to capitalize on the expanded opportunities created by the free flow of products, services, and ideas through the KORUS FTA. …
Conservative candidate Park Geun-hye won victory to become South Korea’s first woman president. Park, the daughter of former President Park Chung-hee, beat progressive challenger Moon Jae-in, the chief of staff to former President Roh Moo-hyun. Although both parties shifted toward the center on some foreign policy and economic issues, voters …
After years of delays and renegotiations, a free trade agreement between the United States and South Korea (KORUS) finally took effect four months ago. Some parts of the U.S. economy are already bearing sweet fruit. As of this year, cherry growers in Washington have shipped 368,000 boxes of fresh cherries …
On June 6, the House Foreign Affairs Asian Subcommittee will focus its attention on “What’s Next for the U.S.–Korea Alliance?” Experts agree that the bilateral relationship is very strong—perhaps in the best condition it has ever been. This is due to both nations sharing common values of freedom, democracy, and …
March 15 marked the official start of the landmark Korea–U.S. Free Trade Agreement (KORUS FTA). Yes, it’s been a long journey. Almost six years ago, Washington and Seoul announced their intention to negotiate a free-trade pact. Critics were skeptical, yet the announcement was greeted as a welcome surprise. Despite their …
Toyota recently announced it will begin exporting U.S.-built Camry cars and Sienna minivans to South Korea from plants located in Kentucky and Indiana. The cars will be shipped through the Port of Hueneme—ironically, one of the California ports that Occupy Wall Street protestors recently attempted to shut down. Some people …
It started almost five years ago with free trade agreements (FTAs) reached between the Bush Administration and the governments of Peru, Colombia, Panama, and South Korea. Unfortunately, the then-Democrat controlled House allowed only the FTA with Peru to be approved. The other three were abandoned. Now, with the approval by …
Free trade advocates can finally rejoice in the long-overdue passage of free trade agreements (FTAs) with South Korea, Colombia, and Panama that will benefit U.S. businesses, workers, and consumers. The FTAs will generate an estimated $13 billion in new U.S. exports, a $12 billion increase in U.S. GDP, and 70,000 …
