Would South Korea Join The CPTPP Trade Deal?

The video discusses the US withdrawal from the TPP and the potential benefits for Korea if it joins the CP TPP. It highlights Korea's lack of free trade agreements with Japan and Mexico and the challenges in the automotive and agricultural sectors. The video also examines the potential impact of US auto tariffs under Section 232 and Korea's response to these challenges.

What is one of the main benefits for Korea if it joins the CP TPP?

• Virtual free trade agreements with Japan and Mexico

• Increased automotive exports to Europe

• Access to US markets

• Reduction in agricultural tariffs

What are the two major sectors of concern for Korea in joining the CP TPP?

• Tourism and education

• Technology and textiles

• Automotive and agriculture

• Finance and healthcare

Why might Korea face challenges in the automotive sector if it joins the CP TPP?

• Increased competition from Japanese automakers

• High tariffs on Korean cars in Europe

• Limited access to raw materials

• Lack of demand for Korean cars

What is Section 232 concerned with in the context of US trade policy?

• Environmental regulations

• Labor rights

• Intellectual property

• National security concerns

How has Korea addressed US concerns in the automotive sector?

• By signing a new trade agreement with China

• By reducing exports to the US

• Through amendments to the Chorus FTA

• By increasing tariffs on US cars