THE IMPACTS OF FREE TRADE AGREEMENT BETWEEN THE UNITED STATES OF AMERICA AND REPUBLIC OF KOREA (KORUS FTA) TOWARDS AGRICULTURE SECTOR OF REPUBLIC OF KOREA (2012-2014)

Abstract

The purpose of this thesis is to analyze the impact of Free Trade Agreement (FTA) between The United States of America and Republic of Korea (KORUS FTA) towards agriculture sector of Republic of Korea. This thesis provides the detailed information trade relation between The United States of America (U.S.) and Republic of Korea (ROK), negotiation and impacts of KORUS FTA towards agricultural sector of Republic of Korea. Agriculture sector has been included in the bilateral trade relation of U.S. and ROK is sensitive sector of ROK, and FTA has been seen as a threat for the agriculture sector due to the fact that agriculture sector of ROK was the one that should be sacrifice. And as agriculture sector included in KORUS FTA, this had reaped debate the two governments and protest from Korean farmers. The involvement of agriculture sector in the KORUS FTA brings positive and negative impact towards the agriculture sector of ROK its self. This descriptive analytical study uses the qualitative and literature research method which analyze historical records and government documents of KORUS FTA for gaining informations. Hopefully this research will be useful and enhance knowledge in FTA and its advantages and disadvantages in form of positive and negative impacts.