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FTA 확대에 대응한 관세율체계 변화 연구(Changes in Korean tariff structure under the new free trade agreements)

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  • FTA 확대에 대응한 관세율체계 변화 연구(Changes in Korean tariff structure under the new free trade agreements)
  • 정재호; 이홍식
  • 한국조세연구원


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Title FTA 확대에 대응한 관세율체계 변화 연구(Changes in Korean tariff structure under the new free trade agreements)
Similar Titles
Material Type Reports
Author(Korean)

정재호; 이홍식

Publisher

서울:한국조세연구원

Date 2010-12
Pages 137
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Trade
Holding 한국조세연구원

Abstract

Korea has actively engaged in Free Trade Agreements(FTA) negotiations since the beginning of 2000. Currently FTAs with Chile, Singapore, EFTA, ASEAN and India have entered into force. Korea-US FTA and Korea-EU FTA was signed and waiting approval for ratification by the Korean National Assembly.
This study focuses on the change in Korea tariff rates after Korea-US FTA and Korea-EU FTA entering into force. Additionally this study analyzes the pattern of trade between Korea and U.S., EU, China and Japan during 20 years. Under Korea-US FTA, Korea would expect trade diversion effect with decreasing the trade volume from China and Japan. However, under Korea-EU FTA, Korea may expect trade creation effect rather than trade diversion effect.
Using CGE model, this study analyzes the effect of reducing tariff rates on Korea economy under Korea-U.S. FTA and Korea-EU FTA. The result of this study suggests that Korea would lower tariff rates under Korea-U.S. FTA and Korea-EU FTA with maintaining current tariff structure. Since 1984, Korea maintains 8% tariff rate on most of its final output. Korea would lower its tariff rate slightly, and lower especially the tariff rate of the products incurring trade diversion effect under Korea-U.S. FTA and Korea-EU FTA. Significantly reducing the tariff rates induce to decrease the trade volume from the FTA partners such as U.S. and EU. Therefore it is not appropriate strategy under new FTA.