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The European Union and South KoreaThe Legal Framework for Strengthening Trade, Economic and Political Relations$
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James Harrison

Print publication date: 2013

Print ISBN-13: 9780748668601

Published to Edinburgh Scholarship Online: September 2013

DOI: 10.3366/edinburgh/9780748668601.001.0001

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The Policy and Institutional Framework for FTA Negotiations in the Republic of Korea

The Policy and Institutional Framework for FTA Negotiations in the Republic of Korea

Chapter:
(p.41) 3 The Policy and Institutional Framework for FTA Negotiations in the Republic of Korea
Source:
The European Union and South Korea
Author(s):

Younsik Kim

Publisher:
Edinburgh University Press
DOI:10.3366/edinburgh/9780748668601.003.0003

Korea has pursued a policy of negotiating FTAs with key partners since it adopted the FTA Policy Roadmap in 2003. The EU-Korea FTA is therefore one of several instruments negotiated by Korea in the last decade. This chapter provides an overview of Korea’s policy and institutional framework for the negotiation of FTAs, including recent reforms introduced in response to the controversy caused by the adoption of the Korea-United States FTA. The chapter critically analyses the content of the Korea Trade Procedure Act of 2012 and how this legislation seeks to ensure greater transparency in the procedures for the ratification of FTAs. The author argues that in order to guarantee the stable operation of FTAs, it is necessary to promote public participation in relation to the ongoing implementation of FTAs. Thus, it is suggested that the Korean government should seriously consider the creation of an institutional link between the international bodies responsible for overseeing the FTA and the national procedures that promote public participation in trade and economic affairs.

Keywords:   Korea FTA Roadmap, Korea Trade Procedure Act of 2012, Public Participation, Transparency, Korea-United States FTA, KORUS FTA, EU-Korea FTA

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