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송영관(Song Yeong-kwan) 경기연구원 2007 경기논단 Vol.9 No.3
KORUS FTA had additional negotiations as a result of bipartisan trade deal between US Congress and the Bush Administration. The core elements of the negotiations were the provisions of environment and labor. The most noticeable feature of the negotiations was that the same dispute settlement procedures and remedies as commercial obligations were introduced in these areas. In addition, both party agreed to accept enforceable reciprocal obligations to adopt and maintain in their laws and practice the seven MEAs and the five labor principles as stated in the ILO Declarations in the area of environment and labor, respectively. Government officials must understand that promoting investment by lowering the standards of environment and/or labor will be legally actionable after the implementation of KORUS FTA.