CEU Electronic Theses and Dissertations, 2012
| Author | Zakharova, Kseniya |
|---|---|
| Title | Free Trade Agreements and Their Controversial Nature: The Case of the US-South Korean FTA |
| Summary | The negotiations of the US-South Korean FTA (KORUS FTA) officially started in 2006 and were concluded and signed by the US and South Korean presidents quite quickly in 2007. Notwithstanding the fact that official negotiations lasted only one year, it took national parliaments of the US and South Korea 5 years to ratify this trade deal in 2011, before finally implementing it just about two months ago on March 15. This FTA is interesting not only because it is the second largest Free Trade Agreement in the world after the Korea-EU FTA, but KORUS FTA had the longest and dramatic ratification and implementation period for South Korea, followed by huge public and political opposition. Every Free Trade Agreement and its degree of complexity for analysis hinges on the countries that pursue it. Understanding of the KORUS FTA by the Korean society and government opposition as “not equal” and “favoring the US” became one of the main reasons for huge domestic opposition that hindered the ratification and implementation of a FTA that otherwise appeared beneficial from an economic point of view. Clearly, the FTA should be carefully framed and presented before society, because the societal factor can override political, security and economic rationale. |
| Supervisor | Kim, Youngmi |
| Department | International Relations MA |
| Full text | https://www.etd.ceu.edu/2012/zakharova_kseniya.pdf |
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