Kim, Jong Bum --- "Korea’s Institutional Framework for FTA Negotiations and Administration: Tariffs and Rules of Origin" [2011] ELECD 194; in Chang, Wha Seung; Choi, Won-Mog (eds), "Trade Law and Regulation in Korea" (Edward Elgar Publishing, 2011)

Book Title: Trade Law and Regulation in Korea

Editor(s): Chang, Wha Seung; Choi, Won-Mog

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781847209221

Section: Chapter 8

Section Title: Korea’s Institutional Framework for FTA Negotiations and Administration: Tariffs and Rules of Origin

Author(s): Kim, Jong Bum

Number of pages: 18

Extract:

8. Korea's institutional framework
for FTA negotiations and
administration: tariffs and rules of
origin
Jong Bum Kim

1. INTRODUCTION

Korea's efforts to enter into free trade agreements (FTAs) with its trading
partners have been bearing fruits with the enactment of the Korea-
Singapore FTA and the Korea-EFTA FTA in 2006 and the Agreement on
Trade in Goods of the Korea-ASEAN FTA in 2007. The continued drive
to conclude FTAs culminated with the signing of the KORUS FTA with
the United States in April 2007.1 As more FTAs are concluded, each FTA
requires implementation of preferential tariff concession schedule and
rules of origin. The increasingly complex web of FTAs has necessitated
the development of an institutional framework for both more effective
negotiation and administration of FTAs.
In this chapter, we review Korea's legislative framework of FTA
negotiations and administration of FTAs against the backdrop of the
increasing need to safeguard due process and democratic participation in
the administration of trade policy. In particular, we focus our attention
on the trade in goods, including the administration of rules of origin and
tariff reduction chapters of enacted FTAs. We also examine the potential
areas of disputes involving rules of origin under Korea's FTAs and the
mechanisms available to resolve and settle disputes under the domestic
implementation laws of FTAs.




1 The FTA between the United States and Korea is named the KORUS
FTA.

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2. FRAMEWORK FOR FTA NEGOTIATIONS2
...