A Study on FTA Between Korea and USA

Abstract

Korea is still to be developed, there are many industries vulnerable in the Republic of Korea must adhere to the high-tech industry. First of all, the effects of the FTA have little to do with it. Per IT and shipbuilding, the effect is already being conducted by the duty-free. Cars exported to the United States, only2.5% duty.
Among already exported to the United States, 70% of the cars and the Hyundai-Kia has local production there.
Instead, the Republic of Korea’s agriculture, financial services, hospital, high-tech industry seems to be smashed. The Free Trade Agreement (FTA) will be more kinds of products by greatly reducing or even eliminating tariffs on trade between the countries is much cheaper to buy and sell to each other suggesting that agreement.
Traditionally, tariffs and other restrictions between the countries made it difficult for free goods across the border both incoming and outgoing. By eliminating or minimizing such constraints, it is FTA like within same country the buying and selling of goods among other countries.
Key words: Duty-Free; FTA; IT; Shipbuilding; High-Tech industry