Korea-U.S. Trade Partnership: KORUS FTA: Working Together for Growth and Job Creation
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Business Community Publications

U.S. Chamber of Commerce Rebuts Claims that KORUS FTA will Lead to Imports from N. Korea, August 10, 2011.

As Congress prepares to consider the pending trade agreements when it returns this September, it’s desperation time for the protectionists who oppose these job-creating deals.  In a last-ditch effort to undermine support for the Korea-U.S. Free Trade Agreement (KORUS), opponents are circulating the bogus accusation that the agreement will allow North Korean goods into the United States. 

Business Roundtable Compendium of Pro-FTA Newspaper Editorials, July 29, 2011.

Newspapers across America agree: it's time to approve U.S. trade agreements with Colombia, Panama and South Korea.

Business Roundtable, "Trade and American Jobs - The Impact of Trade on U.S. and State Level Employment: An Update," July 21, 2010.
American Meat Institute, “Free Trade Agreements: Potential Revenue and Jobs for America’s Meat and Poultry Industry,” June 15, 2010.
U.S. Chamber of Commerce, "Trade Action or Inaction: The Cost for American Workers and Companies," September 15, 2009. September 15, 2009.

This study makes the case for action on the KORUS FTA and other pending trade agreements, arguing that the United States risks losing job creation and export growth opportunities if it fails to take action on the international trade agenda.

U.S. Chamber of Commerce, "Failure to Implement the U.S.-Korea Free Trade Agreement: The Cost for American Workers and Companies," November 1, 2009.

This study highlights the cost to the U.S. economy of inaction on the KORUS FTA, in terms of lost export opportunities and American jobs. The study also projects the impact on the U.S. economy if the Korea-EU and Korea-Canada trade agreements are implemented before the KORUS FTA.

U.S.-Korea Business Council and American Chamber of Commerce in Korea, "Building the U.S.-Korea Economic Partnership," January 1, 2009.
U.S.-Korea Business Council, "The U.S.-Korea Free Trade Agreement: Economic Opportunity, Strategic Imperative," January 1, 2008.

Think Tank Publications

Third Way, "The Korea Trade Agreement: A Good Deal for America," April 1, 2011.

To compete and win in the global economy, America must become an export powerhouse. For this to happen, it’s essential that we break down unfair foreign barriers that keep American companies and workers from selling their goods and services to the world. The U.S.-South Korea Free Trade Agreement (KORUS) would do just that, allowing America to go toe-to-toe with China and Europe in the competition for global business. By winning fairer treatment for American exports, KORUS would lead to greater economic growth, support good American jobs, and benefit American companies, communities, and families. And it would do all of this in a manner that’s in keeping with America’s values.

Korea Economic Institute, "Free Trade Agreements and the Future of U.S.-Korean Trade Relations" September 22, 2010.

Despite the broad benefits that would accrue to both countries from implementing the KORUS FTA, and the boost to U.S. exports in particular, Democratic leaders in Congress and in the Obama administration continue to cite old political talking points about unfair auto trade, beef restrictions, and other relatively minor trade issues that ignore the significant changes that have occurred since the pact was signed more than three years ago. To be blunt, the U.S. public debate over the KORUS FTA is in a time warp.

Brookings Instiution, "Export Nation: How U.S. Metros Lead National Export Growth and Boost Competitiveness," July 28, 2010.

If the U.S. is to achieve a significant surge in exports metropolitan areas will play a huge role. Reflecting their high concentration of the nation’s human and physical capital, metropolitan areas produce 84 percent of the nation’s exports, making them the points of leverage for scaling up trade with the wider world. The 100 largest metropolitan areas alone account for over 64 percent of the nation’s exports, including 75 percent of its service exports. Illustrating the importance of developed nations, Canada, Japan, Korea and the European Union purchase more than 51 percent of U.S. exports.

Third Way, "Why We Need Fairer Trade: How Export Barriers Cost American Jobs," July 1, 2010.

The number of free trade agreements has exploded over the past decade, and these agreements cover an ever-increasing portion of global trade. Almost 400 of these trade deals will be in force by the end of 2010, with many more in development. America’s major international competitors—including China, the EU, India, Japan and Korea—are all aggressively seeking new trade deals with major trading partners. In the meantime, America has largely been sitting out of the game. This places our companies and workers at severe risk of losing new—and current—export business to foreign competitors whose countries are smashing down barriers to their exports.
 

Council on Foreign Relations, “U.S. Policy Toward the Korean Peninsula,” June 1, 2010.
New Beginnings Policy Study Group, “2010 Recommendations to the Obama Administration,” May 1, 2010.
Edwin Feulner, The Heritage Foundation, "The Status of the U.S.-Korea Relationship in 2010," February 4, 2010.
Bruce Klingner and Daniella Markheim, The Heritage Foundation, "KORUS FTA Strengthens the U.S. Economy and Alliance with Korea," June 15, 2009.
Doug Bandow, Cato Institute, "An Economic Retreat from East Asia," April 27, 2009.
Subir Lall and Leif Lybecker Eskensen, International Monetary Fund, "Korea's Near-Term Economic Prospects and Challenges," Korea Economic Institute and the Korea Institute for International Economic Policy's Korea's Economy 2009, March 15, 2009.
Pyo Hak-kil, Seoul National University, "Global Financial Crisis and the Korean Economy: Issues and Perspectives," Korea Economic Institute and the Korea Institute for International Economic Policy's Korea's Economy 2009, March 15, 2009.
Jordan Heiber and Jennifer Schuch-Page, U.S. Department of State, "U.S.-Korea Economic Relations: A Washington Perspective," Korea Economic Institute and the Korea Institute for International Economic Policy's Korea's Economy 2009, March 15, 2009.
Han Dongman, Embassy of the Republic of Korea, "U.S.-Korea Economic Relations: View from Seoul," Korea Economic Institute and the Korea Institute for International Economic Policy's Korea's Economy 2009, March 15, 2009.
William Cooper and Mark Manyin, Congressional Research Service, "Can the United States and South Korea Sing Without KORUS? The Economic and Strategic Effects of the KORUS FTA," Korea Economic Institute's Shifting Strategic & Diplomatic Relations with the Koreas, February 28, 2009.
Lee Jaemin, Hangyang University, "Korea-U.S. Economic Relationship With or Without an FTA: KORUS FTA as a Better Alternative to Manage the Bilateral Economic Relationship," Korea Economic Institute's Shifting Strategic & Diplomatic Relations with the Korea, February 28, 2009.
Nam Sang-yirl, Korea Information Society Development Institute, Korea Economic Institute, "Implications of Liberalizing Korea-U.S. Trade in the Automobile Sector: Potential Impact of the Korea-U.S. Free Trade Agreement," Korea Economic Institute's On Korea January 1, 2009.
Pyo Hak-kil, Seoul National University, "Korea's Economic Achievements and Prospects," Korea Economic Institute and the Korea Institute for International Economic Policy's Korea's Economy 2008, April 11, 2008.
Han Dongman, Embassy of the Republic of Korea, "U.S.-Korea Economic Relations: View from Seoul," Korea Economic Institute and the Korea Institute for International Economic Policy's Korea's Economy 2008, April 11, 2008.
Jordan Heiber, U.S. Department of State, "U.S.-Korea Economic Relations: A Washington Perspective," Korea Economic Institute and the Korea Institute for International Economic Policy's Korea's Economy 2008, April 11, 2008.
Anthony Kim, The Heritage Foundation, "The Korea-U.S. FTA: Greater Partnership for the Future," March 7, 2008.
Daniella Markheim, The Heritage Foundation, "Pass Pending Trade Agreements with Colombia, Panama, and South Korea in 2009," December 12, 2008.
Jeffrey Schott, Peterson Institute for International Economics, "Implementing the KORUS FTA: Key Challenges and Policy Proposals," January 1, 2008.
Jeffrey Schott, Peterson Institute for International Economics, "The Korea-US Free Trade Agreement: A Summary Assessment," August 1, 2007.
Kozo Kiyota , Yokohama National University and Robert Stern, University of Michigan, "Economic Effects of a Korea-U.S. Free Trade Agreement," Korea Economic Institute, May 1, 2007.
Renan Zhuang and Won Koo, North Dakota State University, "Implications of the U.S.-Korea Free Trade Agreement: A General Equilibrium Approach," Korea Economic Institute's Static and Dynamic Consequences of a KORUS FTA, May 1, 2007.
Bruce Klingner and Anthony Kim, The Heritage Foundation, "The U.S.-South Korea FTA: A Defining Moment," April 2, 2007.
Troy Stangarone, Korea Economic Institute, "Anatomy of a Deal: The KORUS FTA," April 1, 2007.
Bruce Klingner, The Heritage Foundation, "Where a Trade Push is Needed," February 8, 2007.

U.S. Government Publications

U.S. Department of Commerce – International Trade Administration, "Exports Support American Jobs," March 21, 2010.

This report highlights the important link between U.S. export growth and job creation.

William H. Cooper, Mark E. Manyin, Remy Jurenas and Michaela D. Platzer, Congressional Research Service, "The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications," June 17, 2009.
William H. Cooper, Mark E. Manyin, Vivian C. Jones, Stephen Cooney and Remy Jurenas, Congressional Research Service, “The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications,” October 17, 2008.
U.S. International Trade Commission, “U.S.-Korea Free Trade Agreement: Potential Economy-wide and Selected Sectoral Effects,” September 1, 2007.

Other Publications

The Council of State Governments, "Resolution on South Korea, Colombia, and Panama Free Trade Agreements," June 18, 2011. June 18, 2011.

Letters in Support of KORUS FTA
Case Studies
KORUS FTA Texts
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