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Comment: Scope for Dynamic Effects in Korea's Economy
Published May 25, 2011
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A U.S.-Korea Free Trade Agreement (KORUS FTA) would bring economic benefits to both the United States and Korea through various channels. First, it would substantially reduce trade and investment barriers and lead to the promotion of bilateral trade and investment. Second, it would serve as a mechanism for improving Korea’s institutional infrastructure, resulting in strengthened national competitiveness. Third, it would stabilize the regional trading environment by addressing bilateral trade conflicts and potentially helping to reduce trade disputes. Finally, it would reinforce the critical political and security alliance between Korea and the United States, thereby stabilizing the geopolitical climate surrounding the Korean peninsula.

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