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Liberalising trans-pacific trade : An ex-ante assessment of the Mexico-South Korea FTA-to-be

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  • Liberalising trans-pacific trade
  • Palacios, Juan J.
  • The Association of Korean Economic Studies


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Title Liberalising trans-pacific trade
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Sub Title

An ex-ante assessment of the Mexico-South Korea FTA-to-be

Material Type Articles
Author(English)

Palacios, Juan J.

Publisher

[Seoul]:The Association of Korean Economic Studies

Date 2012-04
Journal Title; Vol./Issue Korea and the World Economy:vol. 13(no. 1)
Pages 34
Subject Country Mexico(Americas)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Holding AKES

Abstract

This paper presents an ex-ante assessment of the FTA between Mexico and South Korea that has been under negotiation since 2007. It seeks to go beyond previous studies on this issue by including a more comprehensive analysis of trade and investment flows and a more rigorous appraisal of the trade potential between the two economies by means of a gravity model of trade fitted on a panel dataset for the 21 APEC member economies. The aim was to determine whether this agreement can be beneficial for both countries and, in passing, to contribute to the development of a more objective rationale for this purpose. Overall, the results point to the conclusion that an FTA can in fact be beneficial for both partners. On the other hand, the methodology adopted proves to be pertinent as a first step in the development of such rationale.