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FTA효과 극대화를 위한 국내대책 및 구조조정정책 방향(Analysis of challenge of FTAs and its implications for trade and structural adjustment)

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Title FTA효과 극대화를 위한 국내대책 및 구조조정정책 방향(Analysis of challenge of FTAs and its implications for trade and structural adjustment)
Similar Titles
Material Type Reports
Author(Korean)

최낙균; 이경희; 김정곤

Publisher

서울:대외경제정책연구원

Date 2009-11
Series Title; No 연구보고서 / 09-03
ISBN 978-89-322-1301-9
Pages 235
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Documents
Original Format pdf
Subject Economy < Trade
Holding 대외경제정책연구원

Abstract

Since the conclusion of its first FTA with Chile in 2003, Korea concluded FTAs with Singapore, the EFTA and ASEAN. FTAs with the U.S., India, and EU were signed in April 2007, August and October 2009, respectively; and are currently awaiting approval for ratification. The Korean government is currently negotiating FTAs with Canada, Mexico, the GCC, Australia, New Zealand and Peru. Korea’s robust FTA policy is mainly due to expectations of benefits from bilateral/regional economic integration; including efficient resource allocation, economy of scale, and enhanced productivity, among others. Trade statistics during recent years reveal that trade with FTA members such as Chile, Singapore, and the ASEAN has increased dramatically. In addition, the Korean experience shows that the FTAs provided Korea with opportunities to upgrade economic infrastructure and adapt itself to global standards. (The rest omitted)