• Title/Summary/Keyword: Korea FTA

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Trade Effect Analysis of Korea.ASEAN FTA using a Panel Analysis (패널분석을 이용한 한.ASEAN FTA의 교역효과 분석)

  • Son, Yongjung;Kim, Hyunduk
    • Journal of Korea Port Economic Association
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    • v.29 no.3
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    • pp.95-111
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    • 2013
  • The purpose of this study is to draw out the trade effect of the Korea ASEAN FTA by carrying out a panel analysis. For achieving such a purpose, Panel Unit Root, Panel Cointegration Test, Pooled OLS, Hausman Test, Fixed Effect, Random effect are performed. The last 15 years's data over the period of 1997 to 2011 concentrated on the ASEAN countries such as Indonesia, Malaysia, Philippine, Singapore, Thai, Vietnam is used in this study. Major implications are summarized as following. First, our government need to maximize the effect derived from conclusion of FTA(Free Trade Agreement) in order to enhance the competitive edge through obtaining a stable foreign market. Second, it necessary for our government to improve a national system by orienting a FTA conclusion complying with WTO's product and service-related regulation.

한미 FTA협상과 향후 전망- 한미 FTA 협상 축산(양계)업계 태풍으로 다가선다!

  • Kim, Dong-Jin
    • KOREAN POULTRY JOURNAL
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    • v.38 no.3 s.437
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    • pp.68-72
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    • 2006
  • 지난 2월 3일 한미 FTA현상이 공식 선언되면서 축산업계에 미칠 파장에 대해 우려하는 목소리가 높아지고 있다. 이와 관련해 지난 2일 외교통상부 주최로 개최될 예정이었던 한미 FTA 공청회가 농민단체들의 반발로 무산되는 사태가 발생되면서 앞으로 한미 FTA협상이 결코 순탄치 않을 것으로 예견되고 있다. 한미 FTA 체결에 따른 득과 실을 저울질할 때 국내 농축산업과 영화산업이 많은 피해를 입을 것으로 예상되어 왔으며, 이미 영화계는 쿼터량 축소라는 사안이 쟁점화 되면서 장외투쟁이 연일 벌어지고 있다. 피해가 가장 클 것으로 예견되는 축산업계에서도 지난7일 한미 FTA 협상저지를 위한 범축산인 비상대책위원회를 정식 출범하고 한미 FTA 협정을 원칙적으로 저지한다는 입장을 내비치고 있어 앞으로의 행보에 귀추가 주목되고 있다.

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A Focus on Textile and Apparel chapter in the KORUS FTA Rules of Origin (한.미 자유무역협정 섬유 및 의류산업 원산지 규정에 대한 고찰)

  • Park, Do-Joon
    • International Commerce and Information Review
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    • v.10 no.3
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    • pp.197-219
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    • 2008
  • The aim of this paper is to review KORUS FTA Rules of Origin. Although there are some differences in terms of structure and contents, KORUS FTA Rules of Origin is not much different from the other FTA's texts that Korea has already concluded. Textile and Apparel chapter is also separately specified. For textile and apparel goods, Korea and the US agreed to adopt 'yam-forward rule', allowing exceptions for certain goods. Both sides also agreed to introduce procedures for permitting to use non-Party's materials when fibers ryarns rfabrics are not available in commercial quantities. Overall evaluation on KORUS FTA is considered to be positive. Economically, KORUS FTA is expected to provide good opportunities for Korean companies to access the US market. Politically, Korea and the US can take advantage of KORUS FTA to reinforce the relationship between the two countries.

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A Study on Impact that KOREAN FTA influences the Industry of Korean & Japanese Automobile (한국의 FTA 전략이 한일자동차산업에 미치는 영향에 관한 연구)

  • Jung, Byoung Moo
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.61
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    • pp.303-325
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    • 2014
  • As the development of information and globalization of world economy enters new condition, the stake of every nation's makes more complwx, and multilateral negotiation lead by WTO is seriously delayed. But the number of agreement about FTA increase exponentially. In this study we aim to consider whether Korean FTA affects the relation of the trade of Korea and Japan or not, especially Automobile industry. The composition of this paper is as follows. Chap. 1 is Introduction. In Chap. 2, we consider the change of the Trade Policy of Korea focusing in FTA. In Chap. 3, we consider how Korean FTA affect the structure of Japan's Trade, especially the automobile industry of Korea and Japan. In Chap. 4, we have conclusion. As the conclusion, the impact to the automobile industry of Korea and Japan is that Korean FTA works to Korean automobile industry advantageously in micro level, but in macro level, the competition of world automobile industry move into a next generation technology market.

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The Investment Aspects from the FTA between Korea and China

  • Kim, Jin-Hwan
    • Journal of Distribution Science
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    • v.14 no.8
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    • pp.87-92
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    • 2016
  • Purpose - Purpose of this paper is to review and examine FTA of two countries, Korea and China, in terms of the investment aspects in bilateral FTA. Traditionally, there have been much mutual exchanges for international trade and investment between two countries for a long time. As the FTA has established between Korea and China in recent years, it can be expected that there will be more possibilities to take wide investment opportunities, which is mutual benefit to both countries in FTA era. Research design, data, and methodology - The methodology to be taken is to look into, first general economic situations and a brief look at FTA from each countries, and then to examine investment aspects in present and future between Korea and China. Results - The result examined in this research is that each country has been involved into mutual investment step by step, and it is also revealed that investment activities have been growing steadily as time goes by. Conclusions - The FTA between Korea and China has new chance and hope for mutual co-operation in relation to investment aspects of the FTA at the level of economic exchanges, which can fully utilize national resources of each country.

An Ex-post Analysis of the Impact of the Korea-US FTA on the Korean Beef Cattle Industry - Focused on Jeonnam Province - (한·미 FTA가 한육우 산업에 미친 영향에 대한 사후적 평가 - 전남지역을 중심으로 -)

  • Seo, Joon-Young;Kim, In-Seck
    • Korean Journal of Organic Agriculture
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    • v.31 no.3
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    • pp.211-228
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    • 2023
  • The Korea-US FTA was one of the most controversial FTAs Korea has ever signed and was expected to have a significant effect on the agriculture sector, especially the livestock industry. This study ex-post analyzed the impact of the Korea-US FTA on the Korean beef industry including the Jeonnam province using a dynamic partial equilibrium model. According to the scenario analysis results, if there was no Korea-US FTA, the beef imports would be reduced to as low as 0.24% to 4.19% compared to the Baseline applying existing Korea-US FTA beef tariff rates over the 2012 to 2022 periods. In addition, if there was no Korea-US FTA, the agricultural product value of Jeonnam and national Korean beef cattle would increase from 0.25% to 7.37% and 0.25% to 7.33%, respectively, compared to the Baseline. The results of the analysis are expected to be used as important information for policy establishment in preparation for CPTPP and supplementation of current FTA policies regarding Korean beef cattle not only for the central government but also Jeonnam province.

The China's Strategy against Korea-China FTA and its Policy Implications (중국(中國)의 한중(韓中) 자유무역협정(自由貿易協定) 추진전략(推進戰略)과 정책적(政策的) 시사점(示唆點))

  • Ku, Ki-Bo;Hong, Jung-Ryun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.35
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    • pp.223-247
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    • 2007
  • This paper focused on analyzing the effect against the Chinese Economy of Korea-China FTA and the trend of China-launching FTAs. And then this paper intended to deduce policy implications against the negotiations of Korea-China FTA. The points that Korea should consider in the process of the research and negotiations of Korea-China FTA are as follows: First, it is necessary that Korea should negotiate with China only in terms of the economic sector, excluding non-economic sectors which includes politics, national securities and so on. Second, Korea should put on the lists the every possible sectors that Korea has comparative advantages in. It is essential that the sectors include services in trade, TRIPs, ect. Third, the Korean government should put investment arrangements on the negotiating lists and ask China to afford a special favor to Korean investment In China. Forth, the Korean government should set the level of its tariff, considering the nation's trade deficit that Korea-China FTA will bing about.

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Determinants and Effects of FTA-PASS and ERP System Compatibility (원산지관리시스템(FTA-PASS)과 전사자원관리시스템(ERP)의 연동 수준이 수출 성과에 미치는 영향 분석)

  • Su-Han Hwang;Hyuk-Soo Cho
    • Korea Trade Review
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    • v.45 no.2
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    • pp.1-16
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    • 2020
  • Korea is one of active countries in terms of FTA(Free Trade Agreement) around the globe. Local market is not big enough for Korean companies. This is why Korea is actively participating in FTA with various countries. Individual companies should conform to regulation, policy and system relevant to the agreement. Otherwise, it is not easy for companies to enjoy benefits of FTA. The Korean government is using various FTA programs to support domestic companies, in particular SMEs(Small and Medium-Sized Enterprises). FTA-PASS is a representative program. FTA-PASS is an official program of Korea Customs Service. Korean companies can use the program as free. However, some companies may have difficulties regarding the use of FTA-PASS. The program may cause of compatibility problem related their own ERP(Enterprise Resource Planning) systems. This study is designed to analyze determinants of FTA-PASS and ERP system compatibility. Furthermore this study aims to examine effects of the system compatibility on export performances. This study collected data from Koreas SMEs. In specific, the primary data was based on surveys distributed to 303 SMEs. Based on empirical findings, we could get important determinants to improve compatibility between FTA-PASS and ERP systems. For instance, the government support, product standardization, HS Code clearness and market stability could be considered important determinants. Also, according to empirical findings, a positive relationship between system compatibility an export performance was supported. Analyzing comprehensive determinants of system compatibility can be suggested as an important topic for future research.

An Empirical Study on the Effect of Internal FTA Utilization Factors on Export Performance

  • In-Seong Lee
    • Journal of Korea Trade
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    • v.27 no.3
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    • pp.199-216
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    • 2023
  • Purpose - This study aims to identify the internal capabilities that export companies need to possess in order to utilize FTAs and to propose ways to expand their export performance through them. To achieve this goal, the study analyzed the internal factors that affect FTA utilization from a resource-based perspective, such as Origin Management Competency, Information Acquisition Competency, contract Management Competency, and Commitment to Export, based on prior research on corporate capabilities in the field of management and FTA-related research. The study ultimately aims to confirm whether a company's FTA utilization contributes to its export performance through the management and response to its internal factors for FTA utilization. Design/methodology - To achieve the research objective, this study conducted a literature review related to FTA utilization and identified the internal factors of companies that affect FTA by classifying them into Origin Management Competency, Information Acquisition Competency, contract Management Competency, and Commitment to Export Based on this, a final research model was developed, hypotheses were set through a preliminary study survey, and conclusions were drawn by analyzing the data of 312 companies. Findings - The empirical analysis results indicate that Origin Management Competency and Contract Management Competency have a positive impact on FTA utilization, while Information Acquisition Competency and Commitment to Export do not have a statistically significant impact on FTA utilization. Based on these findings, this study suggests measures for efficient FTA utilization for companies that want to utilize FTAs. Additionally, FTA utilization has a positive impact on export performance. In other words, the extent to which companies utilize the signed agreements has a positive impact on their performance. Based on these results, this study identifies the characteristics of companies that want to utilize FTAs and proposes measures for future efficient FTA utilization. Originality/value - This study has confirmed that in order for companies to utilize FTAs, they must meet the requirements of the FTA. To this end, the study has concluded that it is important to manage and address internal factors such as Origin Management Competency, Information Acquisition Competency, contract Management Competency, and Commitment to Export to increase FTA utilization. Based on these results, it can be confirmed that it is essential for companies to have an understanding and management of the internal factors that satisfy the requirements of the FTA in order to utilize the FTA.

The Impact of Bilateral Free Trade Agreements on International Trade Volume of Bulk Shipment at the Port of Busan in Korea : Focusing on Korea's FTA with Chile, Peru, Singapore, India, and United States (대한민국 FTA체결에 따른 부산항 벌크물동량 영향분석 : 칠레, 페루, 싱가포르, 인도, 미국을 중심으로)

  • Lee, Kyong Han;Park, Ju Dong
    • Journal of Korea Port Economic Association
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    • v.32 no.3
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    • pp.83-94
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    • 2016
  • The primary purpose of this study is to analyze the impact of bilateral Free Trade Agreements on international trade volume of bulk shipment at the port of Busan in Korea using the Gravity Model. Most recently, the total of 15 Korea's FTAs have been enforced since Korea-Chile FTA in 2004 and more than 50 countries became member of Korea's FTAs. Therefore, aggregated trade volume of Korea's FTA members out of the total trade volume in Korea increased from 25% in 2011 to 67% in 2015. Five Korea's bilateral FTA members are concerned as experimental group while top 10 foreign countries base on trade volume of bulk shipment are applied to the model as control group and panel data was used in this study. According to the results, bilateral FTA, GDP and population have positive impacts on trade volume of bulk shipment at the port of Busan. On the other hand, distance between Korea and its trade partner has negative impact. In examining Hausman test and LR test, the random effect model is statistically more appropriate than the fixed effect model for this study.