• Title/Summary/Keyword: Current Trade

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CURRENT SITUATION AND PROSPECT OF SHIPPING INDUSTRY IN VIETNAM

  • Le, Thanh Van;Kim, Sung-June
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2014.06a
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    • pp.215-220
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    • 2014
  • The report analyze the current situation of shipping industry in Viet Nam, including information about Viet Nam seaborne trade, shipping companies, sea-going fleets, seafarers, major seaports. Afterward it will be disclosed the policy of sea transport in Viet Nam. And finally, the author will give summary and conclusion about shipping industry in Viet Nam.

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An Empirical Study of the Relations among Wage Differentials, Trade, and Productivity in Korea (임금격차, 무역 및 생산성간의 관계에 대한 실증분석)

  • Heo, Shik;Lee, Sung-Won
    • International Commerce and Information Review
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    • v.8 no.2
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    • pp.299-312
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    • 2006
  • This study examines the relations among wage differentials, trade, and productivity in Korea, using the methodology of Granger causality and vector error correction modelling. Cointegration test results over the 1975-2004 period indicate that all the test variables are cointegrated. Therefore, wage differentials, trade, and productivity are all related in the long run. We found some evidence on long-run relationship, while there is no short-run relationship between three test variables. First, trade and wage differentials have positively and bi-directionally Granger causality in the long-run. Second, productivity Granger causes negatively wage differentials in the long-run. Finally, productivity Granger causes positively trade in the long-run. These results explain partially the current theoretical predictions for wage inequality as well as supports the productivity-led growth hypothesis in the Korean economy.

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East Asian Intra-Trade and Logistics Network-Tasks (동아시아 역내무역과 물류네트워크에 관한 연구)

  • Park, Joung-Moon;Hong, Seung-lin
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.46
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    • pp.237-261
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    • 2010
  • Resent East Asian economic growth has lead the increase of global trade volume and global logistics to the level of full-scale development as aiming to have quantitative growth in world trades in one hand and increasing mutual dependence among the East Asian Economic Bloc on the other. In other words, East Asian economic current growth is going along as connecting with 2 different process that are the increase of global trade volume and the technical development of global logistics system. And mutual dependence among the East Asian Economic Bloc shows the deepening trend in production and consumption. While having the flow of expansion in East Asian trade volume and logistics network in mind, this paper will study on trend in East Asian intra-trade and then study on change & tasks in the East Asian Logistics system.

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The Development Programs of State-operated Trade Corresponding WTO/DDA Agriculture Negotiation (WTO/DDA 농업협상에 대응하는 국영무역 발전방안 연구)

  • Lee, Byung-Ki
    • Journal of Agricultural Extension & Community Development
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    • v.10 no.2
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    • pp.211-227
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    • 2003
  • According to the TRQ system created by WTO agreement on agriculture, Korea notified the WTO of the application of tariff rate quotas for 67 agricultural commodities(now, 63 commodities). Among these government administrate state-operated trade for 17 commodities. However, WTO/DDA negotiation will bring about lowering tariffs and increasing quantities of tariff quota. This study suggest the development programs corresponding WTO/DDA agriculture negotiation. First, from the viewpoint of the protection of domestic agriculture & improving transparency of agricultural import administration, the administration system of the state-operated trade will be necessary to be transformed for market oriented methods. Second, the administration system of the state-operated trade will be necessary to be rendered unified organization also. The current system of the state-operated trade shows the phenomena og many divergency. And third, The quantities of market access of FTA between Korea and Chile will be desirable to be administrate by state-operated trade. Because, according to diffusion of FTA treaties, the amount of market access quantities of FTA increase rapidly henceforth.

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Korea's IT Trade with Major Partners (US, Japan, China) and its Impacts on Domestic Industry (우리나라 주요국(미국, 일본, 중국)과의 IT 무역과 국내 IT 산업으로의 파급효과)

  • Lee, Sang-Yong Tome;Han, Jae-Seung
    • Journal of Information Technology Applications and Management
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    • v.18 no.2
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    • pp.39-59
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    • 2011
  • Information Technology (IT) has been working as an engine of growth in Korea since early 1990's. For the next leap of Korean economy and to overcome worldwide financial crisis, Korea's IT industry needs to find a new breakthrough. In this viewpoint, we tried to empirically analyze the impact of Korea's IT trade on domestic industry. Since Korean government is trying to set up a few free trade agreements (FTA) with major trade partners, more accurate understanding of the impact of FTA is required to find the correct way to promote Korea's IT industry. We first looked at the current status of Korea's IT trade with major partners such as the US, Japan, and China to understand the competitiveness of Korea's IT industry. Having done this, we measured the impact of IT trade on domestic industry using Granger causality test. The results showed that the positive impact of trade is bigger on IT industry than on whole industry. Also, the impact of import turned out to be bigger than that of export. Among the major trade partner countries, the US’s and China's impacts are bigger than Japan's impact. Another notable thing is that IT product import from the US has especially big impact on domestic IT industry. Our findings may have certain implications to the FTA related policy.

A Study on Facilitation of Electronic Trade by Establishing Information Infrastructure in Korea, China and Japan (한.중.일 정보 인프라 구축을 통한 전자무역 활성화 방안에 관한 연구)

  • Lee, Chung-Bae;Lee, Jeong-Min
    • International Commerce and Information Review
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    • v.4 no.2
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    • pp.131-153
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    • 2002
  • An information technology revolution is sweeping the world driven by digitalization and tremendous popularity of the Internet. Electronic commerce and trade is the mainstream of this trend, and realization of a cyberspace without physical, spatial, and time restraints has led radical structural changes in international trade. Northeast Asia including Korea, China and Japan is becoming more important as a core economic region in terms of economic growth, intra-regional trade in particular. The introduction to electronic trade system and networks would playa vital role in speeding up trade of commodities, service and information etc. Therefore the study aims to examine a scheme to facilitate international trade in Northeast Asia by establishing information infrastructures. The study begins with reviewing current situation in information infrastructure such as the number of PC, utilization ratio of internet, information network, volume of electronic commerce. It is analyzed that what kinds of obstacles to facilitating electronic trade in Northeast Asian countries in terms of physical infrastructure, institutions, regulations, technologies regarding information exchange among countries. Finally this study presents some suggestions in order to remove the problems currently existed in vitalizing electronic trade.

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A Study on the Utilization of Arbitration for Promoting Trade in the South American Market (남미시장 교역 활성화를 위한 중재 활용방안에 관한 연구)

  • Ahn, Tae-Kun;Kim, Sung-Ryong
    • Journal of Arbitration Studies
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    • v.26 no.2
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    • pp.91-114
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    • 2016
  • The purpose of this study is to promote trade between Korea and South American countries. Korea's trade with South America has decreased recently. This study analyzed the effects of arbitration on trade between Korea and South America. To this end, we conducted an analysis of the gravity model of trade between Korea and South America. The gravity model is a research method that is widely used to analyze the pattern of international trade. The dependent variables of the gravity model were trade in Korea and South America. The independent variables were GDP, population, and distance between Korea and South America. In addition, dummy variables were the FTA and whether to join the New York Convention or Washington Convention. Joining either Convention indicated the establishment of an international arbitration system. As a result, an arbitration system appeared to be effective in increasing trade. Depending on the results it shows the importance of utilizing the system of arbitration in South America. So this study analyzed the current status of arbitration in South America. To companies doing business in South America it provided the implications for an arbitration system there. Also it proposed a method for increasing trade for the Korean government and institutions.

Counterstrategy of Textile/Clothing Industry to FTA (Focusing on Korea-US/China FTA) (섬유/의류 산업의 FTA 대응전략 (한-미, 한-중 FTA를 중심으로))

  • Kim, Jung Hoi
    • Fashion & Textile Research Journal
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    • v.18 no.2
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    • pp.139-148
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    • 2016
  • There is an expanding global network of free trade agreements (FTA). High-quality, comprehensive free trade agreements play an important role to support global trade liberalization and are explicitly allowed under the World Trade Organization (WTO) rules. An FTA is an international treaty that removes barriers to trade and facilitates stronger trade and commercial ties that contribute to increased economic integration between participating countries. Korea benefits from the global FTA trend; however it has started and developed FTA negotiations later than other countries. Current FTA agreements exist with Chile, Singapore, EFTA, ASIAN, India, EU, Peru, USA, Turkey, Australia, and Canada; in addition, there are ongoing negotiations with China, Colombia, New Zealand, and Vietnam. FTA open up opportunities for the textile/clothing industry to expand businesses into key overseas markets. FTA improve market access across all areas of trade to help maintain and stimulate the competitiveness of textile/clothing firms. This study examines the expansion of free trade agreements in light of changes in the international trade environment and the status of the Korean textile/clothing industry. Korea's textile/clothing export/import products and concession of tariff, country of origin covered under Korea-US/China FTA are investigated to identify problems. This study provides practical and policy implications for the textile/clothing industry in regards to the Korea-US/China FTA.

The current situations of trade financial EDI and implications in application of marine insurance contracts (무역금융EDI의 동향과 해상적하보험계약에의 적용과제)

  • Han, Sang-Hyun
    • The Journal of Information Technology
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    • v.7 no.1
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    • pp.121-136
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    • 2004
  • The purpose of this paper is to study the current situations of trade financial EDI based on The BOLERO system, New BOLERO system, The NACCS system in Japan and The EDEN(Electronic DElivery Negotiable document) system and problems in application of marine insurance contracts. Entwined with the contracts of carriage in international sale transactions is a contract of marine insurance by which the goods are insured against maritime perils. In the thesis I tried to explain the problems of paperless marine insurance contracts based on problems in relating to formation of the transit insurance contract and replication the functions of the marine insurance policy electronically.

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A Plan for Cooperation in Fisheries between South and North Korea for Unification in the 21st Century (21세기(世紀) 통일기반(統一基盤) 구축(構築)을 위한 수산협력(水産協力) 방안(方案) - 수산물교역을 중심으로 -)

  • Pak, Myong-Sop
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.14
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    • pp.323-348
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    • 2000
  • Facing the current difficulties of fisheries industry nationally and internationally, economic cooperations between South and North Korea are needed urgently. Applying the process of economic integration to fisheries sector of separated nation, cooperation processes are divided as follows; (1) indirect and direct fisheries trade, (2) reciprocal use of fishing grounds, (3) joint venture in fisheries sector, (4) free movement of production factors and common fisheries policy. Here, fisheries trade falls under economic interchange stage. Reciprocal use of fishing ground and fisheries joint venture come in economic cooperation stage. Finally. free factor movement and common fisheries policy are related with economic integration stage. This paper investigates the schemes for fisheries cooperation between South and North Korea in preparation for a unified Korea, focusing on fisheries trade. The paper is composed of 5 chapters. Chapter 2 discusses structure and characteristics of North Korea trade, and trade situation between South and North Korea. Then, the present condition of North Korea fisheries industry and fisheries trade trend between South and North Korea are presented in chapter 3. Next, chapter 4 tackles the most common problems encountered in fisheries trade between South and North Korea, and the devices and schemes to raise fisheries trade between South and North Korea. Finally, chapter 5 summarizes and concludes the research results.

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