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신정부의 수출지원전략과 통상정책과제 : GATT/WTO체제 50주년기념 정책세미나

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Title 신정부의 수출지원전략과 통상정책과제
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Sub Title

GATT/WTO체제 50주년기념 정책세미나

Material Type Reports
Author(Korean)

손찬현

Publisher

서울:대외경제정책연구원

Date 1998-06
Series Title; No 세미나자료모음 / 98-01
Pages 124
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding 대외경제정책연구원; KDI 국제정책대학원

Abstract

Korea's trade surplus for this year was forecasted to range between US$20.4 and US$27.7 billion. However, export growth in the first quarter has reached only 17.4% of what was expected from the devaluation of the Korean Won. Korea's terms of trade have deteriorated by 35% as well. The trade surplus reflects a sharp drop in imports of raw materials and capital goods, engendering the possibility of a collapse of the Korean economy's production base. Therefore, the government needs to implement appropriate export support measures as well as import incentives for raw materials if the Korean economy is to emerge from the current financial crisis. The expansion of commercial banks' purchases of D/A export bills is essential for expediting exports. For this reason, it is important for the government to negotiate with the IMF so that the Bank of Korea can use some of its excessive foreign reserves to facilitate exports.