Effects of U.S.- Korea Free Trade Agreement on Small and by EDITED BY: BRIAN M SULLIVAN

By EDITED BY: BRIAN M SULLIVAN

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Discrimination toward South Korean imports in the application of trade remedies and treatment of products made at the Kaesong Industrial Complex in North Korea. S. and South Korean leaders also approached the KORUS FTA from different perspectives that were reflected in the conduct and outcome of the negotiations. S. producers are internationally competitive but for which South Korean barriers seemed to be high. For South Korea, gaining a large increase in market access was not as critical a priority since South Korean exporters already have a significant presence in areas in which they have proved to be competitive—consumer electronics and autos, for example, and in which they already face only low or 44 William H.

R. 3080/S. -South Korea Free Trade Agreement (KORUS FTA) to both houses of Congress. R. Rept. 112-239). The Senate Finance Committee reported out S. 1642 (without written report). R. -South Korea Free Trade Agreement (KORUS FTA) 33 passed it (83-15). L. 112-41). In South Korea, after a contentious battle, the Korean National Assembly passed the agreement on November 22. The KORUS FTA entered into force on March 15, 2012. The KORUS FTA covers a wide range of bilateral economic activities: trade in manufactured goods, agricultural products, and services; foreign investment; government procurement; intellectual property rights; and worker rights and environment protection, among other issues.

Bengloff stated that although most A2IM members are small in terms of revenue, their contribution to the diversity of American music is enormous: at the 2013 Grammy Awards, for example, independent labels and artists won Album of the Year as well as Best Album awards in 18 different categories, and received more than 50 percent of all non-producer nominations. According to Mr. Bengloff, in September 2012, A2IM and 15 of its SME members participated in a trade mission that, for the first time, included Seoul.

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