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Rationale for a China-Japan-Korea FTA and its impact on the Korean economy

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Frame of Image 747, Korea Tel: (822) 3460-1178 Fax: (822) 3460-1144 URL: http://www.kiep.go.kr
Kyung Tae Lee, President
Published December 30, 2005 in Korea by KIEP ⓒ 2005 KIEP
Foreword
Mounting regionalism, reflected in the growing number of free trade agreements (FTAs), has been a global phenomenon since the 1990s, and has only continued to spread since the turn of the new century. As of July 2005, the WTO and GATT were notified of 180 RTAs in force, and the number will continue to increase, with numerous FTAs currently under negotiation and many countries in the process of conducting joint FTA research. The European Union expanded to 25 member countries in May 2004 through the addition of 10 new states, while 34 countries in North and South America are pursuing a Free Trade Area of the America (FTAA), thereby establishing two huge trading blocs. However, Northeast Asia, constituting one-fifth of the world economy, has not yet formed any region-wide trade agreement. Institutes under the National Research Council for Economics, Humanities and Social Sciences have begun to conduct joint research on the formation of an FTA between China, Japan, and Korea, the three major Northeast Asian countries. In 2003, the first year of joint research, the Korea Institute for International Economic Policy (KIEP) along with the Korea Development Institute, the Korea Institute for Industrial Economics & Trade, the Korea Rural Economic Institute, and the Korea Maritime Institute conducted basic research on


Full Text
Title Rationale for a China-Japan-Korea FTA and its impact on the Korean economy
Similar Titles
Material Type Reports
Author(English)

Lee, Chang Jae

Publisher

[Sejong]:KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY

Date 2005-12
Series Title; No NRCS Joint Research Series on FTA Issues / 05-04-05
ISBN 89-322-1246-5
Pages 124
Language English
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY

Abstract

This volume summarizes the results of a series of cooperative research efforts on “The Implications of an FTA between China, Japan and Korea (CJK FTA) for the Korean Economy,” undertaken under the auspices of the National Research Council for Economics, Humanities and Social Sciences in 2005. Cooperative research on the implications of a CJK FTA on the Korean economy has been ongoing since 2003. Based on the research of the previous two years, the research in 2005 focused on the economic effects of a CJK FTA on the Korean economy including the manufacturing, agriculture, fishery, and service sectors. In addition, the rationale for a CJK FTA was also discussed. (The rest omitted)