Who's afraid of Super 301?

Article Abstract:

The US has imposed the Super 301 clause from the 1988 Omnibus Trade Act on South Korea concerning its import of US cars. The US will impose sanctions on Korea if it is not satisfied, after 18 months from Oct 1997, that Korea has removed barriers to free trade. US car manufacturers sold only 10,000 cars in Korea in 1996, and the US government has demanded that Korea reduce its import tariffs from 8% to 2.5%. Korean car industry experts maintain that the US is trying to sell cars which are too large for Korea, and that the use of Super 301 undermines the international trading system.

Administration of General Economic Programs, Trade Relations, United States, South Korea, Column, International economic relations, United States foreign relations, Trade policy, South Korean foreign relations

---

Southeast Asia's timid traders

Article Abstract:

By creating the Asean Free Trade Area, Southeast Asian countries will improve their trade volumes, but far less than if they adopted a more open, worldwide Most Favored Nation approach. After three to five years under AFTA inter-region trade will rise by up to $2.9 billion per year, and trade with the rest of the world by $2.4 billion. Open regionalism, however, would boost trade with the rest of the world by $9.1 billion, and interregional trade by $1.7 billion. Singapore and Malaysia do better under AFTA, however.

Economic policy, Southeast Asia, Association of Southeast Asian Nations

---

Similar abstracts:

• Abstracts: Who's afraid of the MMC? Monopolies and mergers omission: competition policy. Who's afraid of the BJP?
• Abstracts: Japan spins off. Togetherness: America's car makers
• Abstracts: Gatt to be good. Super 301: the sequel. Liberal infection
• Abstracts: Britain opts out of Europe. Israel's missile nightmares
• Abstracts: Saudi Arabia on the dole. It may not work. Whose to tax? Saudi Arabia's oil

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.