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Renegotiation of Fairtrade IRA FTA with ‘trust’ in ‘freedom’ in the U.S. and Europe

김종찬안보 2023. 3. 9. 14:53
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Europe, Britain, and Japan, which did not conclude a free trade agreement (FTA) with the United States, have begun renegotiating fair trade by converting the “free value” of the free trade agreement (FTA) specified in the Inflation Reduction Act (IRA) into “mineral trust.”
The New York Times reported on the 8th that the Biden administration confirmed attempts to conclude a new agreement with Japan and the UK, including the start of negotiations on the ‘limitation of FTA countries stipulated in automobile batteries’ at a meeting between President Biden and the European Commission on the 9th. .
"Europe and the US can announce their commitment by this weekend to conclude a new limited trade agreement focusing on critical mineral supply chains," European officials said in a briefing on the new agreement. Unlike the agreement, this agreement does not involve lowering tariffs on both sides, and the parties will aim to materialize the agreement in days or weeks, not months,” he said.
A European official told the NYT, “The agreement must be legally binding and will still involve seeking some type of approval from member states of the European Union.” It does not require congressional approval,” he said.
"The word 'free trade' means trusted friends and partners with whom we can feel that we have secure supply chains," Treasury Secretary Janet Allen said at the G20 Finance Ministers' Meeting in India late last month. And it was very clear,” he said, formalizing a new interpretation of “trust” in “free trade” and revealing the Democratic Party’s “fair trade” system.
In the Inflation Reduction Act (IRA), the United States limits battery subsidies to 'countries that have signed free trade agreements', and conflicts with countries that have not signed FTAs with major allies and powers, the European Union (EU), the United Kingdom, and Japan. It is trying to switch from 'free trade' to 'fair trade'.
The U.S. Treasury Department did not newly define free trade agreements in the “exclusion of non-FTA countries” clause in the Inflation Reduction Act regulations in December last year’s white paper, and later the U.S. Treasury Secretary “identified additional free trade agreements for future critical mineral requirements.” We can do it,” hinting at the possibility of a new trade agreement based on “trust” for key minerals.
The New York Times said, “Treasury Secretary Allen suggested last month that the Biden administration was considering a limited trade agreement focused on key minerals as a solution and could do so without congressional approval.” "It was emphasized that the United States was not trying to steal jobs in Europe, but was intended to align with the administration's 'support a friend' agenda," the report said.
The free trade agreement based on the value of the free market economy of the United States neutralizes domestic laws with international law through the strengthening of the government-led 'agreement system' and transforms the 'free trade agreement' that oppresses weak countries into market opening through tariff reduction and strengthening of the world's single market system. It was applied as a means of hard-line conservatism, and Chile and Korea, which jumped ahead, used it as a political means to neutralize political opposition by weakening the production base in rural areas and removing unions when 'freedom' became a means of domestic industrial restructuring.
The United States, which leads the global free trade movement, did not actually attempt a free trade agreement with the G7 countries of developed countries. In addition to the decline of 'liberalism', which was a means of pressure, it is showing a transition to 'trust and fair trade'.
The NYT said, “The political appetite for new free trade agreements in the United States has declined in recent years, in part due to the perception that such agreements have helped multinationals move factories and jobs overseas.” Efforts to reach broader trade agreements with a group of European and Asian countries during this period were thwarted, in part, by political opposition. During the Trump administration (Republican), the United States signed a series of limited trade agreements with South Korea, Japan and China, which were conducted through executive orders rather than congressional approval.”
Edward Alden, senior fellow at the Council on Foreign Relations, said: “Limited trade will appease Europeans, and the US-EU economic relationship is so important that Europeans have not been allowed to go under the awning in any way.” Their dissatisfaction can grow, and they don't feel like their concerns have been addressed," he told the NYT.
He continued, “Korea already has a comprehensive free trade agreement with the United States, but the current conditions have other criticisms of the Climate Act (IRA), centered on the way Hyundai-made electric vehicles are excluded from tax deductions.” When you make accommodations for one person, the pressure to make accommodations for others increases," he told the NYT.
The Yoon Seok-yeol regime announced the policy of normalizing South Korea and Japan for the burden of compensation for forced labor by expanding the value of 'freedom, peace and prosperity' as a commemorative speech on Section 3.1, and revealed the alliance system with the US-Japan summit as 'the two largest democracies in the world' and expressed 'freedom' and 'freedom'. The gap between 'democratic' was confirmed.