SlideShare ist ein Scribd-Unternehmen logo
1 von 31
Downloaden Sie, um offline zu lesen
The US-Korea  Free Trade Agreement   How to Promote Your Interests Amy Jackson C&M International [email_address] T: (202) 624-2501 F: (202) 628-5116 March 2006
Agenda Overview of the US Government’s FTA Policy: Things to Watch What is needed for Success of the US-Korea FTA? What You Can Do The U.S.-Korea FTA: How to Promote Your Interests
[object Object],[object Object],[object Object],[object Object],Things to Watch The U.S.-Korea FTA: How to Promote Your Interests
US Free Trade Agreements: 12 Completed Things to Watch: FTAs are here to stay ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
US Free Trade Agreements: 11 Proposed Things to Watch: FTAs are here to stay Middle East Egypt Kuwait Saudi Arabia Qatar Latin America Bolivia Mercosur Europe Switzerland Asia-Pacific ASEAN Japan Taiwan Philippines Indonesia New Zealand
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],US Free Trade Agreements: 8 Ongoing Things to Watch: Competition for Scarce Resources
The Role of Trade Promotion Authority (TPA) Things to Watch: Short time to negotiate a complicated deal TPA grants the President the authority to negotiate  international trade agreements  that cannot be revised by Congress, but can only be approved on an  up-down  vote. This was previously known as “ fast-track” authority   The President’s TPA lapsed in 1994 but was renewed in 2002. Since then, the US has passed  6 FTAs  under TPA rules.  After being extended in 2005, TPA is set to expire on  July 1, 2007 . The Administration’s goals is to conclude all FTAs currently under negotiation by  March 31, 2007 :  Korea, Thailand, Malaysia, UAE, Ecuador, SACU, FTAA. COMPREHENSIVE  TPA requires specific consultations with Congress on agriculture, fish and shellfish, textiles, trade remedies, etc. EXTENSIVE CONGRESSIONAL INVOLVEMENT  The Executive Branch maintains extensive dialogue with Congress throughout the process
Politics, Politics, Politics Things to Watch ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What is needed for success of the US-Korea FTA? The U.S.-Korea FTA: How to Promote Your Interests ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
General US Goals and Desired Outcomes What is needed for success of the US-Korea FTA? Geostrategic Commercial Political ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],The US-Korea FTA is the “Perfect Storm” Is it “Too Big to Fail”?
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Economic Benefits What is needed for success of the US-Korea FTA? $43.8 billion in 2005 $27.6 billion in 2005 Iron and Steel Articles Aircraft, Spacecraft and Parts thereof Mineral fuel, oil, etc. Optic, photo and medical instruments Nuclear reactors, boilers, machinery Organic chemicals Autos Nuclear reactors, boilers, machinery Electric Machinery, Sound/TV equipment, etc Electric Machinery, Sound/TV equipment, etc. Top 5 U.S. Imports from Korea Top U.S. Exports to Korea
Approval/Involvement at the highest level “ An FTA with Korea will provide important economic, political, and strategic benefits to both countries and build on America's engagement in Asia.”  February 2006 ,[object Object],[object Object],[object Object],[object Object],What is needed for success of the US-Korea FTA?
“ It is essential that we conclude an FTA with the United States for the future of our economy.’’ January 2006 “ We must not allow any domestic interest groups to foil the negotiations…we should be aware that the negotiations could fail depending on the terms of the negotiations. For it is possible that there may be an ultimate condition that we could not yield to.” March 2006 ,[object Object],[object Object],[object Object],[object Object],[object Object],Approval/Involvement at the highest level What is needed for success of the US-Korea FTA?
FTAs Are   Comprehensive ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],What is needed for success of the US-Korea FTA? Typical FTA Chapters:
Macro-level Factors What is needed for success of the US-Korea FTA? Wild Card:  No Foreign Policy Blow-Ups Six Party Talks US military “incidents” Other
Wild Card:  No FTA Issues Become “Too Hot to Handle” Korean Side Macro-level Factors What is needed for success of the US-Korea FTA? Reactive based on events in Korea Private sector views on outcome of negotiations US “must haves”/ “must  not haves” Sugar in CAFTA  What (if anything) will “IT” be in US-Korea FTA? Korean “must haves”/ “must  not haves” Protestors?  How many / How vocal / How  extreme Rogue ministries  Refusal to negotiate? Inflammatory Press Pre-presidential election  politics Korean Side Throughout the Process US Side Primarily at the end of the Process
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Issues “Too Hot to Handle” What is needed for success of the US-Korea FTA?
The US Visa Waiver Program (VWP) Issues “Too Hot to Handle” “ The U.S. will work with the ROK to develop a  visa waiver program roadmap  to assist Korea in meeting the requirements for membership in the program.  Korea's interest in participating in the VWP reflects  our strong bilateral partnership  and will contribute to enhance exchanges and mutual understanding.” President Bush November 2005 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Red tape in visa applications is costing business opportunities between Korea and the U.S . Even the tiny nation of Andorra, which hardly has any trade with the U.S, is included among the 27 countries whose citizens do not need a visa for shorter trips to the U.S.   Representative Diane Watson (D-CA)  February 2006
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Macro-level Factors What is needed for success of the US-Korea FTA? Don’t underestimate their role.  Let them know you care throughout the process.
What You Can Do: Role of individual companies The U.S.-Korea FTA: How to Promote Your Interests Develop a Comprehensive Outreach Strategy  NOW 1 Don’t underestimate your ability to influence 2 Watch developments carefully 3 Take advantage of opportunities—Think Strategically 4 Be Vocal—Make your needs known throughout the process 5 Be good sales people
Don’t Underestimate Your Ability to Influence What You Can Do Executive Branch (President & Agencies ) Congress Private Sector Korean Government
Watch developments carefully What You Can Do ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Take advantage of opportunities What You Can Do This will be  more comprehensive than past US FTAs Possible areas for expanded commitment include: USKFTA will also  set a higher bar  for future US FTAs Think  strategically  and  realistically AUTOS PHARMA GOVERNMENT TRANSPARENCY POSTAL  INSURANCE OTHERS?
Be vocal—Develop and frame requests carefully What You Can Do Things to consider: YES  NO       Is there such a thing as “over ambitious”? NOTE: In FTAs, USG must consider “defensive” concerns Can issues be resolved in context of FTA negotiations but  Outside of actual FTA text? What kind of phase-in can I accept? What “evidence” can I put forward to support my opinion? Is there any link to Roh policies or plans? Can I enlist any domestic support?
Make sure both the US and Korean governments  understand  YOUR  needs and priorities Be vocal What You Can Do Submit Written Comments  Utilize the Media Meet with Government  Representatives Reduce costs and operational risks Protect and grow  Your market share Increase your bottom line
The Office of the U.S. Trade Representative : There are  many opportunities for businesses  to participate in the process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Be vocal What You Can Do
Be vocal—Meet with government representatives   and others What You Can Do Leverage all available resources throughout the process Work both sides—frequently Cast a wide net   Congress (National Assembly) will be key  but also go beyond the “usual suspects” Package your requests carefully Be as specific as possible
February 2, 2006   Official launch of KUFTA negotiations February 9, 2006 USG FR notice out requesting public comments March 14, 2006   Public Hearing on KUFTA March 24, 2006  Public comments on KUFTA due to USTR April 17, 2006 Public comments on labor rights due to Dept of Labor April 20, 2006 ITC hearing on probable economic effects of FTA April 27, 2006 Public comments on economic effects of FTA due to ITC June 5-8, 2006 First round of negotiations in Washington July 10-14, 2006 Second round of negotiations in Seoul,  with subsequent meetings every  6-8 weeks December 31, 2006   Target  date for concluding KUFTA negotiations March 31, 2007   Real  “drop-dead”  date for concluding KUFTA negotiations July 1, 2007   Trade Promotion Authority Expires Be vocal What You Can Do
“ We fully support this Administration’s decision to launch FTA talks with Korea. Korea is the United States’    seventh-largest trading partner in terms of two-way trade and fifth-largest market for U.S. agricultural      goods…Moreover, as the bilateral economic relationship is strengthened through an FTA, this will also    strengthen the critical political relationship between our two countries.”  - US–Korea FTA business coalition , a coalition of over 75 companies and associations representing industry, agriculture, and services sectors     “ The [National Association of Manufacturers] NAM has been the leading advocate for a free trade    agreement with Korea, and we are enormously pleased by today’s announcement…An FTA with Korea would be a big deal for U.S. manufacturers…The United States exported $24 billion of manufactured goods to Korea last year alone. That number would grow substantially with an FTA and both the American and Korean economies would benefit considerably.” - John Engler, President,   National Association of Manufacturers   “ The Food Products Association strongly supports the free international trade in food and agricultural  products… South Korea is our sixth largest trade partner in terms of agriculture, representing a $2.5. billion  export market for U.S. agricultural products…For the United States, An FTA would provide U.S. food companies with increased access to the South Korean market, as well as new opportunities for processed foods and beverages. We commend U.S. Trade Representative Rob Portman for his efforts to promote free trade, and we applaud his work to reach an agreement with South Korea to facilitate the growth in trade between our two nations.” - Cal Dooley, President and CEO,  Food Products Association "The Electronic Industries Alliance (EIA) commends the Bush Administration and Ambassador Portman for  beginning the process necessary to create a new trade agreement in the Far East -- the U.S.-Republic of Korea Free Trade Agreement (FTA). Launching these talks with an economic partner and ally such as South Korea can help the U.S. high-tech industry and other businesses expand the $73 billion trading market there.” - Dave McCurdy, President and CEO,  Electronic Industries Alliance Be vocal—Utilize the media What You Can Do
Be Good Sales People—Develop a comprehensive    outreach strategy What You Can Do ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Federal Register Notice on KUFTA http://frwebgate/access.gpo.gov/cgi-bin/multidb.cgi USTR http://www.ustr.gov US-Korea FTA Business Coalition  http://www.uskoreafta.org Other Resources What You Can Do Congress—Find your Representative http://www.house.gov/htbin/wrep_findrep Korean Economic Institute (KEI) FTA Resource Center  http://keia.org/4-1-fta.html US Department of Commerce  http://www.doc.gov http://www.export.govta

Weitere ähnliche Inhalte

Was ist angesagt?

NAFTA(North American Free Trade Agreement)
NAFTA(North American Free Trade Agreement)NAFTA(North American Free Trade Agreement)
NAFTA(North American Free Trade Agreement)sajal789
 
Nafta pgdm b-(118,134,145)
Nafta pgdm b-(118,134,145)Nafta pgdm b-(118,134,145)
Nafta pgdm b-(118,134,145)Ruchir Shukla
 
Chapter 7 Congress
Chapter 7 CongressChapter 7 Congress
Chapter 7 Congressatrantham
 
Dr. Alejandro Diaz Bautista, Nafta Renegotiation, NAFTA at 15, UAM Economics ...
Dr. Alejandro Diaz Bautista, Nafta Renegotiation, NAFTA at 15, UAM Economics ...Dr. Alejandro Diaz Bautista, Nafta Renegotiation, NAFTA at 15, UAM Economics ...
Dr. Alejandro Diaz Bautista, Nafta Renegotiation, NAFTA at 15, UAM Economics ...guest9057bc
 
NAFTA issues at hand for Canada, Mexico and United States
NAFTA issues at hand for Canada, Mexico and United StatesNAFTA issues at hand for Canada, Mexico and United States
NAFTA issues at hand for Canada, Mexico and United Statespaul young cpa, cga
 
North American Free Trade Agreement
North American Free Trade AgreementNorth American Free Trade Agreement
North American Free Trade AgreementDEEPAK DODDAMANI
 
FTA, Free trade agreement, USA, ASEAN AEC
FTA, Free trade agreement, USA, ASEAN AECFTA, Free trade agreement, USA, ASEAN AEC
FTA, Free trade agreement, USA, ASEAN AECShawn Goh
 
Nature and Functions of NAFTA - Cost Benefit Analysis
Nature and Functions of NAFTA - Cost Benefit AnalysisNature and Functions of NAFTA - Cost Benefit Analysis
Nature and Functions of NAFTA - Cost Benefit AnalysisThompson Kerua
 
PROMISES MADE, WORKERS BETRAYED: TRUMP’S BIGLY BROKEN PROMISE TO STOP JOB OFF...
PROMISES MADE, WORKERS BETRAYED: TRUMP’S BIGLY BROKEN PROMISE TO STOP JOB OFF...PROMISES MADE, WORKERS BETRAYED: TRUMP’S BIGLY BROKEN PROMISE TO STOP JOB OFF...
PROMISES MADE, WORKERS BETRAYED: TRUMP’S BIGLY BROKEN PROMISE TO STOP JOB OFF...SallyKing19
 
International Trade Effects Of NAFTA
International Trade Effects Of NAFTAInternational Trade Effects Of NAFTA
International Trade Effects Of NAFTAjprime100
 
"Is NAFTA Economic Integration?"
"Is NAFTA Economic Integration?""Is NAFTA Economic Integration?"
"Is NAFTA Economic Integration?"mkcrookham
 
Global business
Global businessGlobal business
Global businessDeba Ojha
 

Was ist angesagt? (20)

Congress
CongressCongress
Congress
 
NAFTA(North American Free Trade Agreement)
NAFTA(North American Free Trade Agreement)NAFTA(North American Free Trade Agreement)
NAFTA(North American Free Trade Agreement)
 
Nafta pgdm b-(118,134,145)
Nafta pgdm b-(118,134,145)Nafta pgdm b-(118,134,145)
Nafta pgdm b-(118,134,145)
 
Chapter 7 Congress
Chapter 7 CongressChapter 7 Congress
Chapter 7 Congress
 
POL 205 Congress
POL 205 Congress  POL 205 Congress
POL 205 Congress
 
Dr. Alejandro Diaz Bautista, Nafta Renegotiation, NAFTA at 15, UAM Economics ...
Dr. Alejandro Diaz Bautista, Nafta Renegotiation, NAFTA at 15, UAM Economics ...Dr. Alejandro Diaz Bautista, Nafta Renegotiation, NAFTA at 15, UAM Economics ...
Dr. Alejandro Diaz Bautista, Nafta Renegotiation, NAFTA at 15, UAM Economics ...
 
Congress
Congress  Congress
Congress
 
Congress
CongressCongress
Congress
 
NAFTA issues at hand for Canada, Mexico and United States
NAFTA issues at hand for Canada, Mexico and United StatesNAFTA issues at hand for Canada, Mexico and United States
NAFTA issues at hand for Canada, Mexico and United States
 
North American Free Trade Agreement
North American Free Trade AgreementNorth American Free Trade Agreement
North American Free Trade Agreement
 
NAFTA Case Study
NAFTA Case StudyNAFTA Case Study
NAFTA Case Study
 
Nafta
NaftaNafta
Nafta
 
FTA, Free trade agreement, USA, ASEAN AEC
FTA, Free trade agreement, USA, ASEAN AECFTA, Free trade agreement, USA, ASEAN AEC
FTA, Free trade agreement, USA, ASEAN AEC
 
Nature and Functions of NAFTA - Cost Benefit Analysis
Nature and Functions of NAFTA - Cost Benefit AnalysisNature and Functions of NAFTA - Cost Benefit Analysis
Nature and Functions of NAFTA - Cost Benefit Analysis
 
PROMISES MADE, WORKERS BETRAYED: TRUMP’S BIGLY BROKEN PROMISE TO STOP JOB OFF...
PROMISES MADE, WORKERS BETRAYED: TRUMP’S BIGLY BROKEN PROMISE TO STOP JOB OFF...PROMISES MADE, WORKERS BETRAYED: TRUMP’S BIGLY BROKEN PROMISE TO STOP JOB OFF...
PROMISES MADE, WORKERS BETRAYED: TRUMP’S BIGLY BROKEN PROMISE TO STOP JOB OFF...
 
3 usa
3 usa3 usa
3 usa
 
International Trade Effects Of NAFTA
International Trade Effects Of NAFTAInternational Trade Effects Of NAFTA
International Trade Effects Of NAFTA
 
"Is NAFTA Economic Integration?"
"Is NAFTA Economic Integration?""Is NAFTA Economic Integration?"
"Is NAFTA Economic Integration?"
 
Global business
Global businessGlobal business
Global business
 
Nafta ib project
Nafta ib projectNafta ib project
Nafta ib project
 

Andere mochten auch

719 S Hoover St - Brochure
719 S Hoover St - Brochure719 S Hoover St - Brochure
719 S Hoover St - BrochureAlison Kim
 
Fin 358 project 1 of 2
Fin 358 project 1 of 2Fin 358 project 1 of 2
Fin 358 project 1 of 2jmaris913
 
Korea us trade agreement economics and politics
Korea us trade agreement economics and politicsKorea us trade agreement economics and politics
Korea us trade agreement economics and politicsEd Dolan
 
Uluslararası i̇lişkilerin türkiye'de ve dünyada gelişimi
Uluslararası i̇lişkilerin türkiye'de ve dünyada gelişimiUluslararası i̇lişkilerin türkiye'de ve dünyada gelişimi
Uluslararası i̇lişkilerin türkiye'de ve dünyada gelişimiK.Serdar Yoldaş
 
EU:s migration policy harmonization securitization
EU:s migration policy harmonization securitizationEU:s migration policy harmonization securitization
EU:s migration policy harmonization securitizationAnamaria Segesten
 
Theories & Approaches to Leadership: An Overview
Theories & Approaches to Leadership: An OverviewTheories & Approaches to Leadership: An Overview
Theories & Approaches to Leadership: An OverviewKimberly White
 

Andere mochten auch (11)

719 S Hoover St - Brochure
719 S Hoover St - Brochure719 S Hoover St - Brochure
719 S Hoover St - Brochure
 
Fin 358 project 1 of 2
Fin 358 project 1 of 2Fin 358 project 1 of 2
Fin 358 project 1 of 2
 
Korea us trade agreement economics and politics
Korea us trade agreement economics and politicsKorea us trade agreement economics and politics
Korea us trade agreement economics and politics
 
ITFT - Securitization
ITFT - SecuritizationITFT - Securitization
ITFT - Securitization
 
The Korea-USA FTA and Its Economic Impact
The Korea-USA FTA and Its Economic ImpactThe Korea-USA FTA and Its Economic Impact
The Korea-USA FTA and Its Economic Impact
 
Uluslararası i̇lişkilerin türkiye'de ve dünyada gelişimi
Uluslararası i̇lişkilerin türkiye'de ve dünyada gelişimiUluslararası i̇lişkilerin türkiye'de ve dünyada gelişimi
Uluslararası i̇lişkilerin türkiye'de ve dünyada gelişimi
 
CPH School of IR
CPH School of IRCPH School of IR
CPH School of IR
 
Securitisatio
SecuritisatioSecuritisatio
Securitisatio
 
EU:s migration policy harmonization securitization
EU:s migration policy harmonization securitizationEU:s migration policy harmonization securitization
EU:s migration policy harmonization securitization
 
Securitization
Securitization Securitization
Securitization
 
Theories & Approaches to Leadership: An Overview
Theories & Approaches to Leadership: An OverviewTheories & Approaches to Leadership: An Overview
Theories & Approaches to Leadership: An Overview
 

Ähnlich wie Amcham Korea March Ppp

American University International Law Review Annual Symposium: Managing the G...
American University International Law Review Annual Symposium: Managing the G...American University International Law Review Annual Symposium: Managing the G...
American University International Law Review Annual Symposium: Managing the G...Patton Boggs LLP
 
Globalization term paper ausfta paper
Globalization term paper   ausfta paperGlobalization term paper   ausfta paper
Globalization term paper ausfta paperLarissa Paschyn
 
Trans-Pacific Partnership Paper (2016)
Trans-Pacific Partnership Paper (2016)Trans-Pacific Partnership Paper (2016)
Trans-Pacific Partnership Paper (2016)Jack Johannessen
 
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERSTHE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERSCarlos Alberto Aquino Rodriguez
 
Key vote alert! - Trade Promotion Authority
Key vote alert! - Trade Promotion AuthorityKey vote alert! - Trade Promotion Authority
Key vote alert! - Trade Promotion AuthorityU.S. Chamber of Commerce
 
The High Stakes for the Trans-Pacific Partnership
The High Stakes for the Trans-Pacific PartnershipThe High Stakes for the Trans-Pacific Partnership
The High Stakes for the Trans-Pacific PartnershipLewis Leibowitz
 
Letter to Mr. Donald Trump - Trans-Pacific Partnership – Don’t drop your Slic...
Letter to Mr. Donald Trump - Trans-Pacific Partnership – Don’t drop your Slic...Letter to Mr. Donald Trump - Trans-Pacific Partnership – Don’t drop your Slic...
Letter to Mr. Donald Trump - Trans-Pacific Partnership – Don’t drop your Slic...Dr. Oliver Massmann
 
Private Meek Case Essay
Private Meek Case EssayPrivate Meek Case Essay
Private Meek Case EssaySarah Griego
 
The United States Turns Inward
The United States Turns InwardThe United States Turns Inward
The United States Turns InwardHKUST IEMS
 
Thailand Us Fta Partha Jg
Thailand Us Fta Partha JgThailand Us Fta Partha Jg
Thailand Us Fta Partha JgFNian
 
The Trans-Pacific Partnership Negotiating Background and Controversies
The Trans-Pacific Partnership Negotiating Background and ControversiesThe Trans-Pacific Partnership Negotiating Background and Controversies
The Trans-Pacific Partnership Negotiating Background and ControversiesDr. Oliver Massmann
 
Trade promotion authority (TPA) in Trans Pacific Partnership (TPP) - Trade po...
Trade promotion authority (TPA) in Trans Pacific Partnership (TPP) - Trade po...Trade promotion authority (TPA) in Trans Pacific Partnership (TPP) - Trade po...
Trade promotion authority (TPA) in Trans Pacific Partnership (TPP) - Trade po...Zelda Gin
 
The Trans Pacific Partnership Negotiating Background and Controversies
The Trans Pacific Partnership Negotiating Background and ControversiesThe Trans Pacific Partnership Negotiating Background and Controversies
The Trans Pacific Partnership Negotiating Background and ControversiesSimon Lacey
 
Australia Us Trade Revisited
Australia Us Trade RevisitedAustralia Us Trade Revisited
Australia Us Trade RevisitedLarissa Paschyn
 
Financial Services in Transatlantic Trade and Investment Partnership
Financial Services in Transatlantic Trade and Investment PartnershipFinancial Services in Transatlantic Trade and Investment Partnership
Financial Services in Transatlantic Trade and Investment PartnershipPatton Boggs LLP
 
Wto and implications for small and developing countries
Wto and implications for small and developing countriesWto and implications for small and developing countries
Wto and implications for small and developing countriesDavepres
 
Trans-Pacific Partnership and Fast Track Powerpoint
Trans-Pacific Partnership and Fast Track PowerpointTrans-Pacific Partnership and Fast Track Powerpoint
Trans-Pacific Partnership and Fast Track Powerpointbootsmade4walkin
 
Canada's involvement in trans-pacific trade partnership
Canada's involvement in trans-pacific trade partnershipCanada's involvement in trans-pacific trade partnership
Canada's involvement in trans-pacific trade partnershipnikita kozlov
 

Ähnlich wie Amcham Korea March Ppp (20)

American University International Law Review Annual Symposium: Managing the G...
American University International Law Review Annual Symposium: Managing the G...American University International Law Review Annual Symposium: Managing the G...
American University International Law Review Annual Symposium: Managing the G...
 
Globalization term paper ausfta paper
Globalization term paper   ausfta paperGlobalization term paper   ausfta paper
Globalization term paper ausfta paper
 
Trans-Pacific Partnership Paper (2016)
Trans-Pacific Partnership Paper (2016)Trans-Pacific Partnership Paper (2016)
Trans-Pacific Partnership Paper (2016)
 
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERSTHE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
THE TPP, THE FUTURE OF APEC AND THE INCLUSION OF NEW MEMBERS
 
Stop TPP before it's too late
Stop TPP before it's too lateStop TPP before it's too late
Stop TPP before it's too late
 
Key vote alert! - Trade Promotion Authority
Key vote alert! - Trade Promotion AuthorityKey vote alert! - Trade Promotion Authority
Key vote alert! - Trade Promotion Authority
 
The High Stakes for the Trans-Pacific Partnership
The High Stakes for the Trans-Pacific PartnershipThe High Stakes for the Trans-Pacific Partnership
The High Stakes for the Trans-Pacific Partnership
 
Letter to Mr. Donald Trump - Trans-Pacific Partnership – Don’t drop your Slic...
Letter to Mr. Donald Trump - Trans-Pacific Partnership – Don’t drop your Slic...Letter to Mr. Donald Trump - Trans-Pacific Partnership – Don’t drop your Slic...
Letter to Mr. Donald Trump - Trans-Pacific Partnership – Don’t drop your Slic...
 
Private Meek Case Essay
Private Meek Case EssayPrivate Meek Case Essay
Private Meek Case Essay
 
The United States Turns Inward
The United States Turns InwardThe United States Turns Inward
The United States Turns Inward
 
Thailand Us Fta Partha Jg
Thailand Us Fta Partha JgThailand Us Fta Partha Jg
Thailand Us Fta Partha Jg
 
The Trans-Pacific Partnership Negotiating Background and Controversies
The Trans-Pacific Partnership Negotiating Background and ControversiesThe Trans-Pacific Partnership Negotiating Background and Controversies
The Trans-Pacific Partnership Negotiating Background and Controversies
 
Trade promotion authority (TPA) in Trans Pacific Partnership (TPP) - Trade po...
Trade promotion authority (TPA) in Trans Pacific Partnership (TPP) - Trade po...Trade promotion authority (TPA) in Trans Pacific Partnership (TPP) - Trade po...
Trade promotion authority (TPA) in Trans Pacific Partnership (TPP) - Trade po...
 
Lecture6.ppt
Lecture6.pptLecture6.ppt
Lecture6.ppt
 
The Trans Pacific Partnership Negotiating Background and Controversies
The Trans Pacific Partnership Negotiating Background and ControversiesThe Trans Pacific Partnership Negotiating Background and Controversies
The Trans Pacific Partnership Negotiating Background and Controversies
 
Australia Us Trade Revisited
Australia Us Trade RevisitedAustralia Us Trade Revisited
Australia Us Trade Revisited
 
Financial Services in Transatlantic Trade and Investment Partnership
Financial Services in Transatlantic Trade and Investment PartnershipFinancial Services in Transatlantic Trade and Investment Partnership
Financial Services in Transatlantic Trade and Investment Partnership
 
Wto and implications for small and developing countries
Wto and implications for small and developing countriesWto and implications for small and developing countries
Wto and implications for small and developing countries
 
Trans-Pacific Partnership and Fast Track Powerpoint
Trans-Pacific Partnership and Fast Track PowerpointTrans-Pacific Partnership and Fast Track Powerpoint
Trans-Pacific Partnership and Fast Track Powerpoint
 
Canada's involvement in trans-pacific trade partnership
Canada's involvement in trans-pacific trade partnershipCanada's involvement in trans-pacific trade partnership
Canada's involvement in trans-pacific trade partnership
 

Mehr von FNian

Wipro Media Q1 0809
Wipro Media Q1 0809Wipro Media Q1 0809
Wipro Media Q1 0809FNian
 
Watts Brief
Watts BriefWatts Brief
Watts BriefFNian
 
The Role Of Business In Society Presentation At
The Role Of Business In Society   Presentation AtThe Role Of Business In Society   Presentation At
The Role Of Business In Society Presentation AtFNian
 
Unit C Eco Toolbox
Unit C Eco ToolboxUnit C Eco Toolbox
Unit C Eco ToolboxFNian
 
Singapore Jakarta Conf
Singapore Jakarta ConfSingapore Jakarta Conf
Singapore Jakarta ConfFNian
 
Syndication Pp
Syndication PpSyndication Pp
Syndication PpFNian
 
Integration of internal database system
Integration of internal database systemIntegration of internal database system
Integration of internal database systemFNian
 
Analyse sourcing and manufacturing strategies
Analyse sourcing and manufacturing strategiesAnalyse sourcing and manufacturing strategies
Analyse sourcing and manufacturing strategiesFNian
 
Scitc 2006 India 2005 And Future
Scitc 2006 India 2005 And FutureScitc 2006 India 2005 And Future
Scitc 2006 India 2005 And FutureFNian
 
Miller China Trade
Miller China TradeMiller China Trade
Miller China TradeFNian
 
Developing a market plan
Developing a market planDeveloping a market plan
Developing a market planFNian
 
Gianelle Tattara
Gianelle TattaraGianelle Tattara
Gianelle TattaraFNian
 
Gp Industry
Gp IndustryGp Industry
Gp IndustryFNian
 
House
HouseHouse
HouseFNian
 
How To Biuld Internal Rating System For Basel Ii
How To Biuld Internal Rating System For Basel IiHow To Biuld Internal Rating System For Basel Ii
How To Biuld Internal Rating System For Basel IiFNian
 
Gujarat
GujaratGujarat
GujaratFNian
 
Ietp Session 2 June 28
Ietp Session   2 June 28Ietp Session   2 June 28
Ietp Session 2 June 28FNian
 
India An Overview
India An OverviewIndia An Overview
India An OverviewFNian
 
Intra Industry
Intra IndustryIntra Industry
Intra IndustryFNian
 
Innovation Class 6
Innovation Class 6Innovation Class 6
Innovation Class 6FNian
 

Mehr von FNian (20)

Wipro Media Q1 0809
Wipro Media Q1 0809Wipro Media Q1 0809
Wipro Media Q1 0809
 
Watts Brief
Watts BriefWatts Brief
Watts Brief
 
The Role Of Business In Society Presentation At
The Role Of Business In Society   Presentation AtThe Role Of Business In Society   Presentation At
The Role Of Business In Society Presentation At
 
Unit C Eco Toolbox
Unit C Eco ToolboxUnit C Eco Toolbox
Unit C Eco Toolbox
 
Singapore Jakarta Conf
Singapore Jakarta ConfSingapore Jakarta Conf
Singapore Jakarta Conf
 
Syndication Pp
Syndication PpSyndication Pp
Syndication Pp
 
Integration of internal database system
Integration of internal database systemIntegration of internal database system
Integration of internal database system
 
Analyse sourcing and manufacturing strategies
Analyse sourcing and manufacturing strategiesAnalyse sourcing and manufacturing strategies
Analyse sourcing and manufacturing strategies
 
Scitc 2006 India 2005 And Future
Scitc 2006 India 2005 And FutureScitc 2006 India 2005 And Future
Scitc 2006 India 2005 And Future
 
Miller China Trade
Miller China TradeMiller China Trade
Miller China Trade
 
Developing a market plan
Developing a market planDeveloping a market plan
Developing a market plan
 
Gianelle Tattara
Gianelle TattaraGianelle Tattara
Gianelle Tattara
 
Gp Industry
Gp IndustryGp Industry
Gp Industry
 
House
HouseHouse
House
 
How To Biuld Internal Rating System For Basel Ii
How To Biuld Internal Rating System For Basel IiHow To Biuld Internal Rating System For Basel Ii
How To Biuld Internal Rating System For Basel Ii
 
Gujarat
GujaratGujarat
Gujarat
 
Ietp Session 2 June 28
Ietp Session   2 June 28Ietp Session   2 June 28
Ietp Session 2 June 28
 
India An Overview
India An OverviewIndia An Overview
India An Overview
 
Intra Industry
Intra IndustryIntra Industry
Intra Industry
 
Innovation Class 6
Innovation Class 6Innovation Class 6
Innovation Class 6
 

Kürzlich hochgeladen

Secrets for A Happy Relationship & Marriage.
Secrets for A Happy Relationship & Marriage.Secrets for A Happy Relationship & Marriage.
Secrets for A Happy Relationship & Marriage.Surajkurrey
 
Alex Gurkin: Strategies for a Sustainable Tech Career
Alex Gurkin: Strategies for a Sustainable Tech CareerAlex Gurkin: Strategies for a Sustainable Tech Career
Alex Gurkin: Strategies for a Sustainable Tech CareerAlex Gurkin
 
Beyond Academics - Anibal Romero .pdf
Beyond Academics - Anibal Romero    .pdfBeyond Academics - Anibal Romero    .pdf
Beyond Academics - Anibal Romero .pdfroberttianibal
 
The Heirloom Gown: A Tale of Love and Legacy
The Heirloom Gown: A Tale of Love and LegacyThe Heirloom Gown: A Tale of Love and Legacy
The Heirloom Gown: A Tale of Love and Legacyirumsohale
 
Boys Wholesale Clothing Online | Port 213
Boys Wholesale Clothing Online | Port 213Boys Wholesale Clothing Online | Port 213
Boys Wholesale Clothing Online | Port 213Port 213
 
Oι πιο ευτυχισμένες και οι πιο δυστυχισμένες χώρες: Πρωτιά για τη Φινλανδία -...
Oι πιο ευτυχισμένες και οι πιο δυστυχισμένες χώρες: Πρωτιά για τη Φινλανδία -...Oι πιο ευτυχισμένες και οι πιο δυστυχισμένες χώρες: Πρωτιά για τη Φινλανδία -...
Oι πιο ευτυχισμένες και οι πιο δυστυχισμένες χώρες: Πρωτιά για τη Φινλανδία -...Newsroom8
 
HVAC Replacement Process for Commercial Buildings Guide
HVAC Replacement Process for Commercial Buildings GuideHVAC Replacement Process for Commercial Buildings Guide
HVAC Replacement Process for Commercial Buildings Guideoutreachacdirect
 
Bridging Cultures: Antique Indian Doors with Mediterranean Arches
Bridging Cultures: Antique Indian Doors with Mediterranean ArchesBridging Cultures: Antique Indian Doors with Mediterranean Arches
Bridging Cultures: Antique Indian Doors with Mediterranean ArchesEra Chandok
 

Kürzlich hochgeladen (8)

Secrets for A Happy Relationship & Marriage.
Secrets for A Happy Relationship & Marriage.Secrets for A Happy Relationship & Marriage.
Secrets for A Happy Relationship & Marriage.
 
Alex Gurkin: Strategies for a Sustainable Tech Career
Alex Gurkin: Strategies for a Sustainable Tech CareerAlex Gurkin: Strategies for a Sustainable Tech Career
Alex Gurkin: Strategies for a Sustainable Tech Career
 
Beyond Academics - Anibal Romero .pdf
Beyond Academics - Anibal Romero    .pdfBeyond Academics - Anibal Romero    .pdf
Beyond Academics - Anibal Romero .pdf
 
The Heirloom Gown: A Tale of Love and Legacy
The Heirloom Gown: A Tale of Love and LegacyThe Heirloom Gown: A Tale of Love and Legacy
The Heirloom Gown: A Tale of Love and Legacy
 
Boys Wholesale Clothing Online | Port 213
Boys Wholesale Clothing Online | Port 213Boys Wholesale Clothing Online | Port 213
Boys Wholesale Clothing Online | Port 213
 
Oι πιο ευτυχισμένες και οι πιο δυστυχισμένες χώρες: Πρωτιά για τη Φινλανδία -...
Oι πιο ευτυχισμένες και οι πιο δυστυχισμένες χώρες: Πρωτιά για τη Φινλανδία -...Oι πιο ευτυχισμένες και οι πιο δυστυχισμένες χώρες: Πρωτιά για τη Φινλανδία -...
Oι πιο ευτυχισμένες και οι πιο δυστυχισμένες χώρες: Πρωτιά για τη Φινλανδία -...
 
HVAC Replacement Process for Commercial Buildings Guide
HVAC Replacement Process for Commercial Buildings GuideHVAC Replacement Process for Commercial Buildings Guide
HVAC Replacement Process for Commercial Buildings Guide
 
Bridging Cultures: Antique Indian Doors with Mediterranean Arches
Bridging Cultures: Antique Indian Doors with Mediterranean ArchesBridging Cultures: Antique Indian Doors with Mediterranean Arches
Bridging Cultures: Antique Indian Doors with Mediterranean Arches
 

Amcham Korea March Ppp

  • 1. The US-Korea Free Trade Agreement How to Promote Your Interests Amy Jackson C&M International [email_address] T: (202) 624-2501 F: (202) 628-5116 March 2006
  • 2. Agenda Overview of the US Government’s FTA Policy: Things to Watch What is needed for Success of the US-Korea FTA? What You Can Do The U.S.-Korea FTA: How to Promote Your Interests
  • 3.
  • 4.
  • 5. US Free Trade Agreements: 11 Proposed Things to Watch: FTAs are here to stay Middle East Egypt Kuwait Saudi Arabia Qatar Latin America Bolivia Mercosur Europe Switzerland Asia-Pacific ASEAN Japan Taiwan Philippines Indonesia New Zealand
  • 6.
  • 7. The Role of Trade Promotion Authority (TPA) Things to Watch: Short time to negotiate a complicated deal TPA grants the President the authority to negotiate international trade agreements that cannot be revised by Congress, but can only be approved on an up-down vote. This was previously known as “ fast-track” authority The President’s TPA lapsed in 1994 but was renewed in 2002. Since then, the US has passed 6 FTAs under TPA rules. After being extended in 2005, TPA is set to expire on July 1, 2007 . The Administration’s goals is to conclude all FTAs currently under negotiation by March 31, 2007 : Korea, Thailand, Malaysia, UAE, Ecuador, SACU, FTAA. COMPREHENSIVE TPA requires specific consultations with Congress on agriculture, fish and shellfish, textiles, trade remedies, etc. EXTENSIVE CONGRESSIONAL INVOLVEMENT The Executive Branch maintains extensive dialogue with Congress throughout the process
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15. Macro-level Factors What is needed for success of the US-Korea FTA? Wild Card: No Foreign Policy Blow-Ups Six Party Talks US military “incidents” Other
  • 16. Wild Card: No FTA Issues Become “Too Hot to Handle” Korean Side Macro-level Factors What is needed for success of the US-Korea FTA? Reactive based on events in Korea Private sector views on outcome of negotiations US “must haves”/ “must not haves” Sugar in CAFTA What (if anything) will “IT” be in US-Korea FTA? Korean “must haves”/ “must not haves” Protestors? How many / How vocal / How extreme Rogue ministries Refusal to negotiate? Inflammatory Press Pre-presidential election politics Korean Side Throughout the Process US Side Primarily at the end of the Process
  • 17.
  • 18.
  • 19.
  • 20. What You Can Do: Role of individual companies The U.S.-Korea FTA: How to Promote Your Interests Develop a Comprehensive Outreach Strategy NOW 1 Don’t underestimate your ability to influence 2 Watch developments carefully 3 Take advantage of opportunities—Think Strategically 4 Be Vocal—Make your needs known throughout the process 5 Be good sales people
  • 21. Don’t Underestimate Your Ability to Influence What You Can Do Executive Branch (President & Agencies ) Congress Private Sector Korean Government
  • 22.
  • 23. Take advantage of opportunities What You Can Do This will be more comprehensive than past US FTAs Possible areas for expanded commitment include: USKFTA will also set a higher bar for future US FTAs Think strategically and realistically AUTOS PHARMA GOVERNMENT TRANSPARENCY POSTAL INSURANCE OTHERS?
  • 24. Be vocal—Develop and frame requests carefully What You Can Do Things to consider: YES NO       Is there such a thing as “over ambitious”? NOTE: In FTAs, USG must consider “defensive” concerns Can issues be resolved in context of FTA negotiations but Outside of actual FTA text? What kind of phase-in can I accept? What “evidence” can I put forward to support my opinion? Is there any link to Roh policies or plans? Can I enlist any domestic support?
  • 25. Make sure both the US and Korean governments understand YOUR needs and priorities Be vocal What You Can Do Submit Written Comments Utilize the Media Meet with Government Representatives Reduce costs and operational risks Protect and grow Your market share Increase your bottom line
  • 26.
  • 27. Be vocal—Meet with government representatives and others What You Can Do Leverage all available resources throughout the process Work both sides—frequently Cast a wide net Congress (National Assembly) will be key but also go beyond the “usual suspects” Package your requests carefully Be as specific as possible
  • 28. February 2, 2006 Official launch of KUFTA negotiations February 9, 2006 USG FR notice out requesting public comments March 14, 2006 Public Hearing on KUFTA March 24, 2006 Public comments on KUFTA due to USTR April 17, 2006 Public comments on labor rights due to Dept of Labor April 20, 2006 ITC hearing on probable economic effects of FTA April 27, 2006 Public comments on economic effects of FTA due to ITC June 5-8, 2006 First round of negotiations in Washington July 10-14, 2006 Second round of negotiations in Seoul, with subsequent meetings every 6-8 weeks December 31, 2006 Target date for concluding KUFTA negotiations March 31, 2007 Real “drop-dead” date for concluding KUFTA negotiations July 1, 2007 Trade Promotion Authority Expires Be vocal What You Can Do
  • 29. “ We fully support this Administration’s decision to launch FTA talks with Korea. Korea is the United States’ seventh-largest trading partner in terms of two-way trade and fifth-largest market for U.S. agricultural goods…Moreover, as the bilateral economic relationship is strengthened through an FTA, this will also strengthen the critical political relationship between our two countries.” - US–Korea FTA business coalition , a coalition of over 75 companies and associations representing industry, agriculture, and services sectors “ The [National Association of Manufacturers] NAM has been the leading advocate for a free trade agreement with Korea, and we are enormously pleased by today’s announcement…An FTA with Korea would be a big deal for U.S. manufacturers…The United States exported $24 billion of manufactured goods to Korea last year alone. That number would grow substantially with an FTA and both the American and Korean economies would benefit considerably.” - John Engler, President, National Association of Manufacturers “ The Food Products Association strongly supports the free international trade in food and agricultural products… South Korea is our sixth largest trade partner in terms of agriculture, representing a $2.5. billion export market for U.S. agricultural products…For the United States, An FTA would provide U.S. food companies with increased access to the South Korean market, as well as new opportunities for processed foods and beverages. We commend U.S. Trade Representative Rob Portman for his efforts to promote free trade, and we applaud his work to reach an agreement with South Korea to facilitate the growth in trade between our two nations.” - Cal Dooley, President and CEO, Food Products Association "The Electronic Industries Alliance (EIA) commends the Bush Administration and Ambassador Portman for beginning the process necessary to create a new trade agreement in the Far East -- the U.S.-Republic of Korea Free Trade Agreement (FTA). Launching these talks with an economic partner and ally such as South Korea can help the U.S. high-tech industry and other businesses expand the $73 billion trading market there.” - Dave McCurdy, President and CEO, Electronic Industries Alliance Be vocal—Utilize the media What You Can Do
  • 30.
  • 31. Federal Register Notice on KUFTA http://frwebgate/access.gpo.gov/cgi-bin/multidb.cgi USTR http://www.ustr.gov US-Korea FTA Business Coalition http://www.uskoreafta.org Other Resources What You Can Do Congress—Find your Representative http://www.house.gov/htbin/wrep_findrep Korean Economic Institute (KEI) FTA Resource Center http://keia.org/4-1-fta.html US Department of Commerce http://www.doc.gov http://www.export.govta