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South Korea's fateful decision on the trans-pacific partnership

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  • South Korea's fateful decision on the trans-pacific partnership
  • SolÍs, Mireya
  • The Brookings Institution


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Title South Korea's fateful decision on the trans-pacific partnership
Similar Titles
Material Type Reports
Author(English)

SolÍs, Mireya

Publisher

Washington, DC:The Brookings Institution

Date 2013-09
Series Title; No Policy Paper / NO 31
Pages 25
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Government and Law < International Politics
Holding The Brookings Institution

Abstract

The transformation of Korea’s FTA policy towards an ambitious trade strategy, inking deals with major economic partners, minimizing exclusions, and tackling non-tariff barriers, was largely the result of important institutional changes to the trade policymaking setup at the dawn of the 21st century. However, trade policy has been a hot button political issue, and the South Korean government has found it difficult to navigate the challenges of ensuring greater inclusivity, transparency, and the development of an effective safety net for disadvantaged sectors. The country today is at a critical juncture in its trade policy. A recent bureaucratic reshuffle reverting trade negotiation authority to the commerce ministry has generated concern about its implications for the continuation of Korea’s proactive trade policy. (The rest omitted)