The US-Panama free trade agreement, signed just before Christmas, is set to be debated by U.S. lawmakers before July. But US business organizations widely support the agreement.
This second of two installments on Korea focuses on the perceived impact to Korea's agricultural sector posed by a looming free trade agreement with the United States. Mark Winne explores food sovereignty and the culture of food in Korea and the priveleged role that rice has in the society. Should cost and price be the sole determinants of trade policy or should other variables such as the culture of food be considered in trade policy formulation?
The United States has dashed South Korea's hopes of a trade-off over difficult issues that block their efforts to establish a free trade agreement (FTA), pressing Korea to accept its proposal or face the consequences.
South Korea and the US are expected to miss the March deadline for a free trade agreement (FTA) as their political situations are likely to undergo changes, a report said Wednesday.