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Opening service sectors under WTO DDA format
June 17, 2005
Foreign experts in architecture, accounting and eight other services sectors will be allowed to advance to Korea in as early as 2007 under a decision that the government disclosed in an external economy-related ministers' meeting May 23.
The meeting, chaired by Deputy Premier and Finance-Economy Minister Han Duck-soo, finalized the offer of the government to the WTO for a service market opening. The government will submit the proposal to WTO members via the WTO secretariat on May 31 and is poised to enter into bilateral negotiations with relevant countries beginning June.
The services sectors to be liberalized are accounting, architecture, machinery installment, maintenance technology advice, management consulting, installment of computer hardware, software research and development, data systems, data management and auto design. An immediate rise in the number of foreign professionals in those areas migrating to Korea is unlikely, however. The proposal also allows foreign animal hospitals to set up branches here.