KEI Hosts "AUTOS and the KORUS FTA"February 28, 2008

With the conclusion of the KORUS FTA, the provisions related to trade in automobiles have been perhaps the most contentious aspect of the agreement. In an effort to help educate the policy community on this issue, KEI conducted a half day seminar on February 28 that examined the current state of the automobile industry and market in Korea and the United States and the potential impact of the KORUS FTA.

Bernard Swiecki of the Center for Automotive Research provided an overview of the current state of the automotive industry and market for automobiles in the United States, while Daniel Malone of Butzel Long provided an overview of the current situation in Korea. 

Sang-yirl Nam of the Korea Information Society Development Institute presented his findings on the potential economic impact of the KORUS FTA on the trade in automobiles between the United States and Korea. Dr. Nam’s research was commissioned by KEI as part of its Academic Paper Series.

Douglas Meyer of the UAW and Jeffrey Schott of the Peterson Institute for International Economics provided a comments on Dr. Nam’s findings and broader issues related to the KORUS FTA. To view the written presentations or a video of the seminar, please click on the links below.

KEI Academic Paper:
Potential Impact of the Korea-U.S. Free Trade Agreement on the Automobile Sector
by Sang-yirl Nam

Presentation by Bernard Swiecki

Presentation by Daniel Malone

Remarks by Doug Meyer

Presentation by Sang-yirl Nam

Autos Program part I: Swiecki & Malone presentations

Autos Program part II: Nam presentation & Meyer and Schott remarks

Additional Resources on issues related to automobiles and the KORUS FTA:

Summary of the Auto-Related Provisions of the KORUS FTA
(USTR)

U.S.-Korea Free Trade Agreement: Potential Economy-wide and Selected; Sectoral Effects
(U.S. International Trade Commission)

ITAC 2 - Automotive Equipment and Capital Goods
( USTR Advisory Group Reports)

The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications
(CRS Report)

Korea–United States Free Trade Agreement
(Jeffrey Schott – Peterson Institute for International Economics)

Congressman Sander Levin
(U.S. ITC Impact Study Hearing)

Douglas Meyer - UAW
(U.S. ITC Impact Study Hearing)

Stephen Biegun - Ford Motor Company
(U.S. ITC Impact Study Hearing)

For more information on this and other FTA-related programs, contact Troy Stangarone at: ts@keia.org