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An analysis of Korea’s environmental goods trade to China and its pollcy implications

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Frame of Image ined under the level of 5 billion US dollars in the early 1990s, it soared to over 40 billion US dollars in 2013.
An Analysis of Korea’s Environmental Goods Trade to China and its Policy Implications
national community has also been revitalized. Since its establishment in 1995, the WTO (World Trade Organization) has discussed this subject in the trade and environment committee. One of the main issues is lowering tariff levels and the reduction and elimination of non-tariff barriers on EGS. With regard to trade liberalization of environment-related goods in the Asia-Pacific Economic Cooperation (APEC) Ministerial Meeting of 2012, it was agreed that discussions on trade liberalization will be focused on 54 items by HS 6-digit classification. Among these 54 items, the photovoltaic equipment solar panels, wind power generators, sorting crushers for recycling, liquid filters, and precision equipment for environmental analysis are included. Moreover, even in the WTO, Japan, US, EU, South Korea, Switzerland, Singapore, Australia and Canada started negotiations in This article analyzes Korea’s EGS trade toward China according to the category of common OECD/WTO/APEC EGS classification. Of course, recent trends and issues of trade liberalization of EGS among international institutions such as WTO and APEC are summarized, and the conclusion suggests some policy implications. 2. WTO and APEC’s recent Trends of Trade Liberalization of Environmental Goods Regarding trade liberalization of


Full Text
Title An analysis of Korea’s environmental goods trade to China and its pollcy implications
Similar Titles
Material Type Articles
Author(English)

Gwak, Dae-Jong

Publisher

[Sejong]:Korea Institute for Industrial Economics & Trade

Date 2015-04
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 20(no. 2)
Pages 11
Subject Country China(Asia and Pacific)
South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KIET; KDI School

Abstract

Korea’s exports of environmental goods and services remained under the level of 5 billion US dollars in the early 1990s, it soared to over 40 billion US dollars in 2013. This article analyzes Korea’s EGS trade toward China according to the category of common OECD/WTO/APEC EGS classification. Of course, recent trends and issues of trade liberalization of EGS among international institutions such as WTO and APEC are summarized, and the conclusion suggests some policy implications.