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[Headlines] (HL-정치/사회/경제) Officials Consider the US-South Korea Free Trade Deal
최고관리자  |  17-02-09 07:18

American business leaders are urging South Korean leaders to increase market access to U.S. companies seeking to sell goods in South Korea. The business leaders want to persuade U.S. President Donald Trump not to introduce policies that harm trade between the countries. During the U.S. presidential campaign, Trump threatened to make changes to the bilateral free trade deal. The deal is known as the Korean U.S. Free Trade Agreement or KORUS FTA. Last year, Trump criticized the deal as “job killing.” The American Chamber of Commerce in Korea, or AMCHAM Korea, wants to keep the current KORUS FTA. The agreement took effect in 2012. The deal removed 95 percent of tariffs on consumer and industrial products over five years. James Kim is Chairman of AMCHAM Korea. He said South Korea should consider ending some regulations on imports that hurt trade. “We need to make the Korean economy more transparent and predictable, by making the regulatory process more deliberative,” Kim said recently in Seoul.
* urge = (~하도록) 충고하다[설득하려 하다]/ market access = 시장 진입[침입]/ persuade = (~을 하도록) 설득하다, 설득하여 ~하게 하다/ threaten = 협밥[위협]하다/ bilateral = 쌍방의, 쌍무적인/ known as ~ = ~으로 알려진/ The American Chamber of Commerce in Korea = 주한 미국 상공회의소/ tariff = 관세/ consumer and industrial products = 소비재 및 공산품(工産品)/ transparent = 투명한, 명백한/ regulatory process = 규제 방법[과정]/ deliberative = 깊이 생각하는; 심의하는       

The American car industry, for example, has said it spends a lot of time and money on unneeded environmental rules. It also says it faces regulations that often are introduced without notice or explanation. Fifteen percent of cars in South Korea are from foreign manufacturers. In other developed economies, such as the U.S. and European countries, foreign cars make up 40 percent of the market. The American Automotive Policy Council says nearly 80 percent of the trade deficit with Korea is in automobile trade. That deficit was almost $28 billion in 2015. Jeffrey Jones is a former AMCHAM Korea chairman. He says Trump’s statements on trade add urgency to efforts to take care of misunderstandings about trade practices. But, he says time is running out.
* unneeded = 불필요한/ face = (힘든 사실을) 직시하다[받아들이다]/ make up = ~을 이루다[형성하다]/ trade deficit = 무역 적자/ urgency = 긴급; 절박; 위급, 위기/ run out = (공급품이) 다 떨어지다[되다]