Free trade agreements (FTAs) are proliferating in the Asia-Pacific
region. For the first time, South Korea is pursuing such accords as
part of a strategy to restructure its economy and sustain the
recovery from its 1997-98 economic crisis. Should it open talks
with its largest trading partner, the United States? This study
examines the economic and political benefits and challenges of
pursuing bilateral FTA negotiations, the impact of a prospective
pact on other trading partners, on the Asia Pacific Economic
Cooperation (APEC) forum, and on the multilateral trading system.
General
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