Author: Jeffrey J. Schott / Topic: Bilateral Relations

Author:: Jeffrey J. Schott and Cathleen Cimino
Publication Date:: 09-2014
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: The negotiation of the Trans-Pacific Partnership (TPP), a megaregional agreement to lower barriers to trade and investment and promote economic integration in the Asia-Pacific region, has been a dynamic process with a number of countries joining the talks in midstream. Since negotiations began in March 2010, participation in the TPP talks has expanded several times to include Malaysia (October 2010), Vietnam (December 2010), Canada and Mexico (October 2012), and Japan (July 2013). In November 2013, Korea announced its interest in participating in the TPP and began consulting with the countries involved. The TPP now has 12 participants. Korea is still considering whether to become lucky 13.
Topic:: Economics, International Trade and Finance, and Bilateral Relations
Political Geography:: Malaysia, Canada, Asia, Vietnam, Korea, and Mexico

Author:: Simon Johnson and Jeffrey J. Schott
Publication Date:: 10-2013
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: In July 2013, the United States and the European Union launched negotiations on a Transatlantic Trade and Investment Partnership (TTIP). The talks aim to craft a comprehensive accord matching or exceeding the reforms achieved in their previous trade pacts. Since both sides have included financial services in prior free trade agreements (FTAs), they implicitly recognized that the TTIP accord would also cover this sector. But what will be included in the financial services chapter is still subject to debate.
Topic:: Economics, International Trade and Finance, Treaties and Agreements, and Bilateral Relations
Political Geography:: United States and Europe

Author:: Jeffrey J. Schott
Publication Date:: 12-2010
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: On December 3, 2010, the United States and South Korea agreed to incremental changes to the Korea-US Free Trade Agreement (KORUS FTA) that was signed in June 2007 but not ratified by the US Congress or the Korean National Assembly. Most of the changes affect bilateral trade in autos and light trucks; other minor changes involve pharmaceutical patents, US pork exports, and US visas.
Topic:: International Trade and Finance, Treaties and Agreements, and Bilateral Relations
Political Geography:: United States and South Korea

Author:: Jeffrey J. Schott
Publication Date:: 10-2010
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: The Korea-US Free Trade Agreement (KORUS FTA) was signed on June 30, 2007. Since then, the Korean National Assembly has vetted the agreement and the pact cleared a major legislative hurdle when the Foreign Affairs and Trade Committee approved it in April 2009; the full assembly has deferred final passage pending comparable action by the US Congress. In the United States, the ratification process has not yet begun; neither President George W. Bush nor President Barack Obama has submitted implementing legislation to Congress.
Topic:: Diplomacy, International Trade and Finance, Bilateral Relations, and Law
Political Geography:: United States, Israel, Asia, and Korea

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