Negotiation was started in 2006 about Korea and America FTA. But it is not conclude in this time. Because the position difference against the focus plan of agreement. So it is difficult to predict for result.
If FTA is negotiated, many deformation will occur for domestic economics. Let me searched for Korea and America FTA is effected by domestic textile industry.
Now export are to decline about textile goods to America since 2001. If the Korea and America FTA is contracted, to America export will be increased. So domestic export industry will rev up. Consequently textile industry must be promising. Now let`s pay attention to economic expert to say.
The majority of the expert answer in the affirmative to conclude Korea and America FTA for effected to domestic textile industry. The most basic reason, exports to America will increase. And anything else exchange will increase. So Korea and America become more close. Also the expectation is growing bigger about export of fiber, woven fabrics and a finished product to America. Therefore domestic textile industry will animate. The increase of the export will create more job about textile industry. So domestic economics change for the better. Second, an income cost come down due to customs abolition and relief.