Trade Remedies

Trade remedies are special measures the parties to the agreement can take to mitigate sectoral adjustment problems created as tariffs and barriers drop, or to deal with accusations that foreigners are selling products at prices lower than they charge at home (dumping), and/or subsidizing their exports.

The Koreans had really hoped to negotiate special treatment under U.S. antidumping and anti-subsidy (countervailing) duty procedures.  Cooper and Manyin described Korean concerns in a Congressional Research Service Report last July (The Proposed South Korea-U.S. Free Trade Agreement (KORUS FTA):