Some developed countries maintain special tariff preferences namely the Generalized System of Preferences (GSP), for imports from developing countries. Korea is granting preferential tariff treatment on imports of 87 products originating in the Least Developed Countries (LDCs).
This paper examines the economic effects of introduction of GSP program on Korea economy. The results suggest that considering the relationship between international trade and poverty reduction in the LDCs, the poverty situation of the LDCs, total volume of import from LDCs to Korea, Korea may grant preferential tariff treatment on all imports from LDCs except some agricultural products and oil. Korea may start GSP scheme to developing countries after conclusion of WTO DDA negotiation and number of FTA, especially the FTA with China.
- 특혜관세제도 확대와 경제적 효과 연구(A study on the preferential trade system and its economic effect)
- 정재호; 이명헌
특혜관세제도 확대와 경제적 효과 연구(A study on the preferential trade system and its economic effect)
|Series Title; No||연구보고서 / 05-06|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Economy < Financial Policy
Economy < Trade