Korea Trade Promotion Corporation - Definition. Was ist Korea Trade Promotion Corporation
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Was (wer) ist Korea Trade Promotion Corporation - definition

AUTHORITY OF THE PRESIDENT OF THE UNITED STATES TO NEGOTIATE AGREEMENTS WITH THE CONGRESS
Trade Promotion Authority; Fast track authority; Presidential trade negotiating authority; Presidential trade authority; Trade promotion authority; Fast track trade authority
  • US House Vote on the Trade Promotion Authority Bill, 18 June 2015

Korea Trade Promotion Corporation      
KOTRA, a non-profit organization, was established by the Korean government in 1962 to promote foreign trade. The corporation now also serves as an import promotion center offering a variety of free services in trade, investment, and international economic cooperation. KOTRA, with headquarters in Seoul, has a network of domestic and overseas offices, including several U.S. sites. KOTRA's U.S. telephone: 1-800-568-7248.
KOTRA         
  • KOTRA Seal of Excellence
COMPANY
Kotra; Korea Trade-Investment Promotion Agency
KOTRA (Korea Trade Promotion Corporation initially, Korea Trade-Investment Promotion Agency since 1995) is a state-funded trade and investment promotion organization operated by the Government of South Korea."Kotra is not a tourist agency" Korea JoongAng Daily October 19, 2013.
KOTRA         
  • KOTRA Seal of Excellence
COMPANY
Kotra; Korea Trade-Investment Promotion Agency

Wikipedia

Fast track (trade)

The fast track authority for brokering trade agreements is the authority of the President of the United States to negotiate international agreements in an expedited manner and with limited congressional oversight. Renamed the trade promotion authority (TPA) in 2002, the TPA is an impermanent power granted by Congress to the President. It remained in effect from 1975 to 1994, pursuant to the Trade Act of 1974 and from 2002 to 2007 pursuant to the Trade Act of 2002. Although it technically expired in July 2007, it remained in effect for agreements that were already under negotiation until their passage in 2011. In June 2015, a third renewal passed Congress and was signed into law by President Barack Obama.

Under the TPA, the President's trade negotiations must follow guidelines and negotiating objectives set by Congress. If the negotiations follow the negotiating objectives, the implementing bill may pass Congress on majority votes instead of the three-fifths threshold normally needed in the Senate to conclude debate on a bill or the two-thirds threshold for the Senate to ratify a treaty. Congress may not amend or filibuster the implementing bill. The TPA is the mechanism used by the U.S. government to pass the North American Free Trade Agreement as well as other congressional-executive agreements. It has been praised for allowing the government to negotiate trade deals which would otherwise have been impossible to complete. However, it has also been criticized for usurping congressional powers and for lacking transparency.