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Korea’s FTA policy : Focusing on bilateral FTAs with Chile and Japan

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  • Korea’s FTA policy
  • 정인교
  • Korea Institute for International Econmic Policy
Contents

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Title Korea’s FTA policy
Similar Titles
Sub Title

Focusing on bilateral FTAs with Chile and Japan

Material Type Reports
Author(Korean)

정인교

Publisher

[서울]:Korea Institute for International Econmic Policy

Date 2002
Series Title; No Working Paper / 02-02
Subject Country Chile(Americas)
Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language Korean
File Type Link
Original Format pdf
Subject Economy < Trade
Holding Korea Institute Economic Policy

Abstract

A free trade agreement (FTA) eliminates tariffs and alleviates non-tariff barriers (NTBs), stimulating trade for member nations while limiting imports from non-member nations at the same time. In an effort to avoid the negative effects of exclusion from such agreements, to maintain economic reform and an open policy, and to actively cope with proliferating regionalism, the Korean government has decided to pursue FTAs with other nations. Forming FTAs will enable Korea to create political allies, attract foreign investment, and establish overseas footholds, as well as allow Korean companies to secure foreign export markets and overcome discriminatory practices under other FTAs. (The rest omitted)