Wednesday, September 06, 2006

US ROK FTA - Third Round Subjects

This little dispatch on the eve of the third round of the FTA talks is of interest to me since I did not think the US side would be pushing so hard for this:

In the third round, both parties are expected to struggle over the issue of opening the door to competition with state-run companies. The U.S. team has already demanded that market rules be applied to state-run companies, and that American companies be allowed to invest in privatized state-run companies, just as Korean businesses can. The U.S. party is also expected to come out strongly against the Korean government's support for state-run banks as well as its restrictions on foreign investors in the telecommunication industry to 49-percent stakes.

It will be interesting if the US gets far with this.


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