I sincerely hope that this deal wouldn’t trigger Korea to follow the U.S. path, substituting the financial sector for the manufacturing sector.
From Wikipedia:
U.S. financial services firms such as Citigroup have pushed for the Korea FTA. Citigroup’s Laura Lane, corporate co-chair of the U.S.-Korea FTA Business Coalition, stated that “it is the best financial services chapter negotiated in a free trade agreement to date”
http://en.wikipedia.org/wiki/South_Korea_%E2%80%93_United_States_Free_Trade_Agreement
From CBC News:
The deal would also open up South Korea's vast $560 billion US services markets to U.S. companies.
http://www.cbc.ca/world/story/2010/12/04/us-south-korea-trade.html
Sunday, December 5, 2010
Is Korea Following the U.S. Path?
Topics:
economic fundamentals,
globalization,
Korea,
policy,
political economy,
The U.S.,
trade
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