Negotiating the Korea-Singapore FTA: A Case Study
The Korea-Singapore Free Trade Agreement (KSFTA) is Korea's first comprehensive FTA involving any ASEAN member country and provides a framework for building a strong strategic and economic partnership between Korea and the ASEAN countries. It is therefore designed to be a building block in the process of community building efforts towards an East Asian Community in the long run as well as towards global free trade. This book analyses and documents the rationale behind the agreement and its impact on the economies of Korea and Singapore, underpinning the growing economic linkages between the two countries that have become stronger since the enforcement of the agreement.
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6 CONCLUDING REMARKS
APP FREE TRADE AGREEMENT BETWEEN THE GOVERNMENT OF THE REPUBLIC OF KOREA AND THE GOVERNMENT OF THE REPU...
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accordance adopted or maintained advance ruling anti-competitive practices APEC apply arbitral panel ASEAN beneﬁts bilateral cent certiﬁcate of origin Chapter co-operation competition conformity assessment procedures consultations countries customs administration deﬁned Designating Authority domestic laws economic electronic electronic commerce entity establish exchange ﬁeld ﬁnal ﬁnancial institutions ﬁnancial service suppliers Financial Services Financial Services Committee ﬁrst Free Trade Agreement Gaesong GATT government procurement Harmonized System IE Singapore implementation importing Party inconsistent KSFTA major suppliers mandatory requirements modiﬁcation National Treatment negotiations network or services non-originating materials non-Party notiﬁcation ofﬁce ofﬁcials operation Party shall ensure Party’s person preferential tariff treatment promote public telecommunications transport purposes pursuant to Article qualiﬁcations regional value content regulatory relating relevant request respect Rules of Origin Schedule Sectoral Annex Seoul Singapore’s SK Corporation speciﬁc suppliers of public TBT Joint Committee telecommunications transport network territory trade and investment trade in services veriﬁcation WTO Agreement
Página 118 - Subject to the requirement that such measures are not applied in a manner which would constitute a means of arbitrary or unjustifiable discrimination between countries where the same conditions prevail, or a disguised restriction on international trade...
Página 95 - ... limitations on the total number of natural persons that may be employed in a particular service sector or that a service supplier may employ and who are necessary for, and directly related to, the supply of a specific service in the form of numerical quotas or the requirement of an economic needs test...
Página 112 - Nothing in this Chapter shall be construed to prevent a Party from adopting, maintaining or enforcing any measure otherwise consistent with this Chapter that it considers appropriate to ensure that investment activity in its territory is undertaken in a manner sensitive to environmental concerns.
Página 76 - Members shall ensure that any sanitary or phytosanitary measure is applied only to the extent necessary to protect human, animal or plant life or health, is based on scientific principles and is not maintained without sufficient scientific evidence, except as provided for in paragraph 7 of Article 5.
Página 89 - WTO rules no country should be prevented from taking measures for the protection of human, animal or plant life or health, or of the environment at the levels it considers appropriate, subject to the requirement that they are not applied in a manner which would constitute a means of arbitrary or unjustifiable discrimination between countries where the same conditions prevail...
Página 160 - Each Party shall ensure that its laws, regulations, procedures and administrative rulings of general application respecting any matter covered by this Agreement are promptly published or otherwise made available in such a manner as to enable interested persons and Parties to become acquainted with them.
Página 114 - No Contracting State shall give diplomatic protection, or bring an international claim, in respect of a dispute which one of its nationals and another Contracting State shall have consented to submit or shall have submitted to arbitration under this Convention, unless such other Contracting State shall have failed to abide by and comply with the award rendered in such dispute.