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무역자유화(Trade liberalization)

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Title 무역자유화(Trade liberalization)
Similar Titles
Project Category Development Cases
Material Type Reports
Author(Korean)

임원혁; 한기주; 이주선; 이태규; 조경엽 등 저

Publisher

서울:한국개발연구원

Date 2011
Project Development Cases
Series Title; No Knowledge Sharing Program: 경제발전경험 모듈화 사업
ISBN 978-89-8063-569-6; 978-89-8063-562-7(전10권)
Pages 74
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KDI 국제정책대학원
Supervisor 한국개발연구원
Organizer 기획재정부; 한국개발연구원
Sponsor 기획재정부
Project Term 2010-01-01 ~ 2010-12-31

Abstract

1. Korea’s Experience in the GATT/WTO System
In 1967, Korea officially acceded to the GATT as the 71st Contracting Party in the final phase of the Kennedy Round. For a poor country pursuing an export-oriented development strategy, the GATT membership was critical to Korea because it could secure most-favorednation (MFN) status with all 66 GATT Contracting Parties. Earlier, Korea concluded bilateral trade agreements with only a handful of countries such as the United States (1956), Philippines (1961), Taiwan (1961) and Thailand (1961). As exports grew, more trade agreements were negotiated. While this was a time-consuming and cumbersome procedure, securing GATT membership was a once-and-for-all solution to bypass negotiating endless bilateral agreements by gaining the MFN status in overseas markets. The GATT membership was also perceived by the Korean policy makers as an opportunity for cooperating with other developing countries. This allows to combat discrimination and protectionism against export items of interest to Korea, particularly in the agricultural and cotton textile sectors. (The rest omitted)

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