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A Good Governance of FTA Policy: Developing Indicators of Good Governance and the Evaluation of Korea-U.S. FTA

Yu Hyun-seok 1

1경희대학교

Accredited

ABSTRACT

This study has two major purposes. One is to develop indicators of good governance of FTA policy. The other is to evaluate FTA policy for Korea-U.S. FTA with indicators of good governance of FTA policy. Four major indicators are developed. Those are participation, transparency, efficiency and expertise. In terms of institutions, Korea's FTA policy is relatively close to good governance. In Paticular, participation and transparency are well guaranteed by the FTA Conclusion Process Rule prepared in 2004. However, efficiency is not satisfactory in terms of institution as well as in the process of FTA negotiations. A lack of efficiency is especially notable in the ratification process. An institutional upgrade for improving efficiency in the process of ratification is necessary. In terms of expertise, there are various consulting mechanism which guarantee expertise. Expertise is very important in the sense that it can prevent unnecessary conflict during both the negotiation and ratification processes.

Citation status

* References for papers published after 2023 are currently being built.

This paper was written with support from the National Research Foundation of Korea.