U.S.-Korea Free Trade Agreement: Economic Impact Analysis

Summary

The U.S.-Korea Free Trade Agreement (FTA) investigation, initiated by the Senate Committee on Finance in response to a request on December 18, 2000, aims to assess the economic impact of establishing a free trade agreement between the United States and the Republic of Korea. The Commission plans to submit its report by September 18, 2001, providing an overview of the Korean economy, the current economic relationship between the two countries, and the estimated effects of eliminating trade barriers on goods and services trade, sectoral output, and employment.