II

106TH CONGRESS

1ST SESSION S. 1869

To authorize the negotiation of a Free Trade Agreement with the Republic

of Korea, and to provide for expedited congressional consideration of

such an agreement.

IN THE SENATE OF THE UNITED STATES

NOVEMBER 5, 1999

Mr. BAUCUS introduced the following bill; which was read twice and referred

to the Committee on Finance

A BILL

To authorize the negotiation of a Free Trade Agreement

with the Republic of Korea, and to provide for expedited

congressional consideration of such an agreement.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘United States-Republic

5 of Korea Free Trade Agreement Act of 1999’’.

6 SEC. 2. FINDINGS.

7 Congress makes the following findings:
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1 (1) Economic growth in the United States has

2 been considerably enhanced by bilateral agreements

3 to lower barriers to United States exports.

4 (2) Increased trade and economic growth are

5 not ends in themselves. Trade and economic growth

6 should enhance the welfare and quality of life of all

7 citizens of the United States and the Republic of

8 Korea.

9 (3) Countries that open their domestic markets,

10 remove barriers to foreign direct investment, and

11 promote free enterprise, empower their citizens to al12 leviate poverty and maintain social and environ13 mental values.

14 (4) The Republic of Korea has participated

15 fully in World Trade Organization programs and

16 policies which promote open trade.

17 (5) At the 1996 World Trade Organization

18 Ministerial in Singapore, the Republic of Korea re19 affirmed its commitment to internationally recog20 nized core labor standards.

21 SEC. 3. UNITED STATES POLICY WITH RESPECT TO TRADE.

22 It is the policy of the United States to seek the elimi23 nation of tariff and nontariff barriers in order to achieve

24 more open market access, on a reciprocal basis, to inter25 nationally traded goods and service, through bilateral free
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1 trade agreements with like-minded countries. Such agree2 ments should address the following:

3 (1) National treatment and market access for

4 agricultural and industrial products.

5 (2) Rules for determining which goods originate

6 in the territory of the United States and the Repub7 lic of Korea.

8 (3) Customs procedures that facilitate trade

9 and collection of trade statistics, while ensuring the

10 validity of claims for preferential treatment.

11 (4) Science-based, nondiscriminatory sanitary,

12 phytosanitary, and technical standards, including

13 voluntary standards.

14 (5) Safeguard provisions for industries that

15 have sustained or are threatened with serious eco16 nomic injury from import surges.

17 (6) Government procurement procedures.

18 (7) National treatment and rights of establish19 ment for foreign direct investors.

20 (8) National treatment and market access for

21 traded services, including consumption of services

22 abroad, cross-border provision of services, rights of

23 establishment of commercial presence, and the move24 ment of natural persons.

25 (9) Protection of intellectual property.
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1 (10) Transparency of legal and regulatory re2 gimes.

3 (11) Measures to promote electronic commerce.

4 (12) Trade-related environmental measures,

5 and the potential for both favorable and adverse en6 vironmental impacts.

7 (13) Adherence to internationally recognized

8 core labor standards.

9 SEC. 4. NEGOTIATION OF A FREE TRADE AGREEMENT WITH

10 THE REPUBLIC OF KOREA.

11 Subject to section 5, the President is authorized to

12 enter into an agreement with the Republic of Korea con13 sistent with the policy described in section 3, and the pro14 visions of section 151(c) of the Trade Act of 1974 (19

15 U.S.C. 2191(c)) shall apply with respect to a bill to imple16 ment such agreement.

17 SEC. 5. INTRODUCTION AND FAST TRACK CONSIDERATION

18 OF IMPLEMENTING BILL.

19 (a) INTRODUCTION IN HOUSE OF REPRESENTATIVES

20 AND SENATE.—When the President submits to Congress

21 a bill to implement a trade agreement described in section

22 4, the bill shall be introduced (by request) in the House

23 of Representatives and the Senate as described in section

24 151(c) of the Trade Act of 1974 (19 U.S.C. 2191(c)).
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1 (b) PERMISSIBLE CONTENT IN IMPLEMENTING LEG2 ISLATION.—A bill to implement a trade agreement de3 scribed in section 4 shall contain provisions that are nec4 essary to implement the trade agreement, and may include

5 trade-related labor and environmental protection stand6 ards.

7 (c) APPLICABILITY OF FAST TRACK PROCEDURES.—

8 Section 151 of the Trade Act of 1974 (19 U.S.C. 2191)

9 is amended—

10 (1) in subsection (b)(1), by inserting ‘‘section 5

11 of the United States-Republic of Korea Free Trade

12 Agreement Act of 1999,’’ after ‘‘the Omnibus Trade

13 and Competitiveness Act of 1988,’’; and

14 (2) in subsection (c)(1), by inserting ‘‘or under

15 section 5 of the United States-Republic of Korea

16 Free Trade Agreement Act of 1999,’’ after ‘‘the

17 Uruguay Round Agreements Act,’’.

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