• Title/Summary/Keyword: KOREA-EU FTA

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EPA promotion of Japan against EU and counteractive measures of Korea (일본의 대EU EPA추진과 우리나라의 대응방안)

  • Lee, Jong-Won
    • International Commerce and Information Review
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    • v.11 no.4
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    • pp.373-394
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    • 2009
  • As Korea-EU FTA has established, the strategy and counteractive measures of Japan have been rising. EU accounts for 33% of GDP and has a lot of population, which makes up 7.1% in the world. Besides, it has a great market, which, amounts to 4.3 trillion. Japanese government indicated that as Korea has established FTA with the U.S.A. and has negotiated with EU, the necessity to cope with in the field of automobile, machinery, and appliances is urgent. To recognize competitive areas in the market of EU between Korea and Japan, this paper focuses that we need to notice Japan's access toward EU and the present situation about trade and customs. Second, it investigates that Japan is in competitive with Korea in which kind of industrial area.

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Economic Effects of FTA Cumulation based on Value-Added Exports of Vietnam Textile Industry (FTA 원산지 누적의 경제적 효과: 베트남 섬유산업 부가가치수출을 중심으로)

  • Cho, Jung-Ran;Yoo, Jeong-Ho;Lim, Byeong-Ho
    • Korea Trade Review
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    • v.44 no.1
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    • pp.207-220
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    • 2019
  • In the context of export-oriented growth strategy, Korea has promoted the conclusion of FTAs and 16 FTAs have entered into force or concluded so far. Despite of these efforts, the expansion of the global value chain (GVC) has resulted in fragmentation of production processes and international companies have been struggling to meet the criteria for determining the rule of origin. In order to overcome these difficulties, some foreign FTAs have been introducing cross-cumulation of origin. In this paper, we try to examine empirically whether the easing of the rules of origin using cross-cumulation contributes to the increase in actual value-added exports. we quantify the effects of cross-cumulation included in the EU-Vietnam FTA on Korean exports of the textile through a gravity model using the concept of value-added export. Based on the analysis results, the proportion of value-added exports in Vietnam increased by adoption of cross-cumulation of origin, which consequently resulted into an increase in total exports. This paper tries to draw several implications for the rules of origin in Korea's FTAs including cross-cumulation considering the export value chain of Korea.

An Analysis on the International Competitiveness In Digital Products with Major FTA Partners - Focusing on the USA and the European Union - (주요 FTA 상대국과의 디지털 제품 국제경쟁력 분석 - 미국과 EU를 중심으로 -)

  • Moon, Young-Soo;Park, Bok-Jae
    • International Commerce and Information Review
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    • v.13 no.2
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    • pp.205-234
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    • 2011
  • The study analyzes the shifts of international competition in the digital products market between South Korea and major FTA partners. The analysis utilizes trade statistics to calculate changes in the volume of trade, and in competitiveness between FTA partners. The target countries for this analysis include USA and the European Union with whom Korea has made agreements recently, and the period is set for the decade from 2000 to 2009. The trade records of the UN are employed to investigate the indexes of each country: trade structure and market share of digital products, the trade specialization index (TSI), and annual change of revealed comparative advantage index (RCA) against global market and both the American and EU markets. This analysis shows clearly the status quo of the development and growth of the international competitiveness of South Korea. The study will improve the understanding of international competitiveness in digital products and contents industry, which is rapidly evolving, and of the resulting industrial structure.

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Macroeconomic Buffer Effects of Mega-FTA Formation: A CGE Analysis for Korea

  • Jung, Jae-Won;Kim, Tae-Hwang
    • Journal of Korea Trade
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    • v.23 no.3
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    • pp.118-137
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    • 2019
  • Purpose - As global trade disputes intensify and global trade uncertainty increases due to the prevailing trade protectionism all over the world, mega-FTAs such as the RCEP and CPTPP are suggested as strategic trade policy options for export-driven small open economies, such as Korea. This paper aims to provide a comprehensive analysis of Korea's mega-FTA participation and the induced implications for the Korean economy. Design/methodology - We use a multi-region, multi-sector global CGE model, and investigate the different effects of both the US-China and US-EU trade wars on the relative changes in GDP, welfare, and trade under different trade policy regimes; (i) Korea does not participate in any mega-FTA, (ii) Korea participates in the RCEP, and (iii) Korea participates in the CPTPP. Findings - We show, among others, that though industrial effects might be largely varied, the overall enlarging of free trade zones through multilateral mega-FTA participation may contribute significantly to the macroeconomic soundness and stability of Korea, even when global trade protectionism prevails. Under RCEP and CPTPP trade regimes, Korea's GDP may increase even when the global trade environment deteriorates as trade wars occur and intensify between the US and China, or between the US and EU. It is also estimated that RCEP participation increases Korea's GDP, welfare (measured in equivalent variation), and total trade by 1.12%, $1.09 billion, and 2.54%, respectively, while CPTPP participation increases them by 0.19%, $0.92 billion, and 0.13%, respectively. Originality/value - Existing studies usually focus on the direct impacts of mega-FTA participation on macroeconomic variables such as GDP, welfare, and trade, and do not consider the possible buffer effects of a mega-FTA when the global trade environment worsens. In this paper, we analyze and quantify not only the direct impacts of RCEP and CPTPP on the main macroeconomic variables but also the possible buffer effects of the RCEP and CPTPP in the cases of the US-China and US-EU trade wars.

The Korean FTA Drive Policy and Suggestion of Korea. China FTA (한국의 FTA 추진 정책과 한.중 FTA에 대한 시사점)

  • Lee, Keun-Young
    • Journal of the Korea Society of Computer and Information
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    • v.14 no.7
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    • pp.169-175
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    • 2009
  • In accordance with the promotional strategy of the 'simultaneously occurring and high-level comprehensive FTA that Korean government made clear in the FTA promotion roadmap in 2003, it has already entered into FTA with 22 countries such as Chile, Singapore, EU, MERCOSUR, ASEAN and the like but is progressing or promoting the negotiation about FTA. It is necessary to make efforts to lift all sorts of non-tariff barriers that put restrictions on the import of China with the promotion of the lowering of customs duties in the negotiation of FTA between Korea and China. It is anticipated that imports will be expanded in the manufacturing field as well as agricultural products with the efforts to improve the business management environment of Korean firms within China. Therefore, it is a very important task to make efforts to prevent the roundabout trade made via China by reinforcing the standard and criterion for the origin of country in the Korea China FTA.

Competitiveness Analysis of Forest Products for the Korea-EU FTA (한-EU FTA에 대비한 임산물 경쟁력 분석)

  • Lee, Sang-Min;Chang, Cheol-Su
    • Journal of Korean Society of Forest Science
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    • v.98 no.3
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    • pp.231-241
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    • 2009
  • Trade specialization index, import market share, unit value index, market comparative advantage index have been applied to compare the competitiveness of forest products in Korean and European markets for the case of Korea-EU FTA. The results say that no items of non-timber products would show a surge of imports as a result of FTA. Timber products, however, such as non-coniferous plywood, continuously shaped wood (non-coniferous), densified wood, wood wool and flour, other (plywood), other (particle board, 441039)), other (fiberboard), oriented strand board (other), other (particle board, 441090), other (particle board, 441031), Prefabricated buildings of wood, fibreboard (of a density exceeding $0.5g/cm^3$ but not exceeding $0.8g/cm^3$), wooden frames (for paintings, photographs, mirrors or similar objects) and wood marquetry and inlaid wood are expected to increase of their imports by eliminating tariffs. For Korean exports no items of non-timber products have competitiveness in European market. For Korean pyroligneous liquid, which is the only competitive timber product in EU market in terms of MCA and TSI, it is difficult to decide whether it has competitiveness, since the actual exports have taken place occasionally during a period of last five years.

A Case Study of FTA Utilization on the Violation of Determining the Country of Origin (FTA 원산지결정기준 위반의 유형별 사례분석 및 대응방안)

  • Yun, Jun Ung;Lee, Chun Su
    • International Commerce and Information Review
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    • v.17 no.2
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    • pp.201-223
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    • 2015
  • Concerning post-verification which is after the application of FTA preferential tariffs, in cases such as Korea-EFTA and Korea-ASEAN, the growing trend of post-verifications was restricted and there was no active research concerning this; whereas with Korea-EU FTA which adopted indirect verification for post-verification, the demand for post-verification has been rising constantly each year; and for Korea-US FTA which has adopted direct verification, a new approach to post-verification research is needed as it began genuine post-verification regarding many national enterprises only after a year and a half since the agreement. This study will consider the counter measures that can be taken for post-verification, through case of studies on the factors influencing violation of determining the country of origin for export company regarding verification of FTA. Result of this case study regarding the determining a violation of origin, The main cause of the violation factors on the essential & general principles(goods wholly obtained, value added criteria) are lack of understanding agreement & manpower. but Violation of the parties to a transaction & the origin certification are lack of advanced preparation and effected violation of principle of good faith. Finally, In this study help countermeasures of export company through the Detailed analysis of the type & implications deriving from verification of origin.

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Implications and Situations of Organic Farming in EU (EU 국가의 유기농업 실태와 시사점)

  • Kim, Ho
    • Korean Journal of Organic Agriculture
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    • v.16 no.1
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    • pp.43-57
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    • 2008
  • Organic farming including organic livestock farming in EU has been extended since the latter half of the 19th century. Especially, the organic farming area of Italy, Spain, Germany and U.K. is extensive compared to other EU countries. And organic farming area has been extended rapidly in Portugal and Greece. EU will have an influence on many countries' organic farming on the history and world agriculture. If FTA reaches between Korea and EU, livestock products like ham or sausage will be imported a great deal from EU. So Korea has to establish countermeasures to livestock products export strategies of EU.

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