• Title/Summary/Keyword: New Trade

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Trends in Digital Trade Policies and Trade Rules in Major Overseas Countries (해외 주요국의 디지털 통상 정책 및 무역 협정 규범 동향)

  • Kim, J.E.
    • Electronics and Telecommunications Trends
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    • v.37 no.5
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    • pp.1-10
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    • 2022
  • Digital trade rules are crucial in supporting the digital economy as the rules effectively reduce unnecessary trade barriers. This study introduces various approaches that major countries take regarding digital trade policies and rules. Comprehensive and Progressive Agreement for Trans-Pacific Partnership has introduced comprehensive rules on e-commerce, including binding articles on the free flow of information, location of computing facilities, and source code. More recent e-commerce provisions or digital trade agreements cover wider range of issues, from cyber security, artificial intelligence, and data innovation to electronic invoicing and payments. Multilateral negotiations on digital trade rules, including the World Trade Organization E-commerce Joint Statement Initiatives and Indo-Pacific Economic Framework, are in progress. Thus, countries involved are expected to respond to new digital trade issues with long-term strategies considering domestic policy objectives.

An Analysis of the Effect of Logistics Efficiency on the Export of Korean Agricultural Products to New Southern Countries

  • Park, Hyun-Hee;Cho, Sung-Je
    • Journal of Korea Trade
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    • v.25 no.1
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    • pp.169-183
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    • 2021
  • Purpose - This paper analyzes the effect of the agricultural export market for Korea's new southern countries in consideration of logistics efficiency. In order to expand Korean agricultural exports, the logistics performance index, national income, per capita income, consumer price index, distance and FTA are included. Through empirical analysis, the impact of logistics efficiency on Korean agricultural exports is derived and measures are proposed to expand exports in the future. Design/methodology - The analytical model of this study takes into account the import demand factors of the new southern countries for Korean agricultural exports. A research model was established based on prior research based on the gravity model, which is widely used in international trade effect analysis. In particular, logistics efficiency measures the effect on Korean agricultural exports using the logistics performance index and examines the effect by deriving factors for export expansion. Findings - The main findings of this study can be summarized as follows: The higher the logistics efficiency of the new southern countries in exporting Korean agricultural products, the more directly they have an effect on expanding exports. In addition, it was analyzed that the expansion of Korean agricultural exports has a positive effect on the other countries' national income, per capita income, consumer price index, population, and FTA. Based on these results, the importance of efficient logistics management in agricultural exports has been emphasized. Originality/value - There are not many studies on the export of agricultural products by logistics efficiency. However, prior studies that have adapted to manufacturing and other areas suggest that logistics efficiency has a direct effect on exports. This study suggests that Korean agricultural products are directly effective in exporting to new southern countries in terms of logistics efficiency. This can be an important time point in recognizing that logistics capabilities are important to ensure new books and the safety of agricultural products.

A Study on the Induction of BPM and its Application Sphere for the Establishment of e-Trade Process (전자무역 프로세스의 확립을 위한 BPM 도입과 적용분야에 관한 연구)

  • Lee, Sang-Jin
    • International Commerce and Information Review
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    • v.9 no.1
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    • pp.99-117
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    • 2007
  • The purpose of this study is to explore the application sphere of BPM(Business Process Management) to e-trade process using BPM technology and its service architecture in order to expand the usage of e-trade platform which is developing. After close reviewing the current status of trade process, the possibility of BPM application by e-trade process will be analyzed. The result of analysis is that BPM application to local L/C and purchasing confirmation process could be implemented because those processes are very suitable to apply standardized process and can minimize the risk and confusion of users. BPM application to remaining trade process have to be considered by mid-term and long-term project with the reflection of pilot project performance. Also this study suggests a business management model of e-trade process based on BPM technology which is the new IT technology and integrated interface in view of trade community.

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An Analysis on Trade Competitiveness between Korea and China (한.중간 무역경쟁력 분석 -섬유.전기전자.운송.기계산업을 중심으로-)

  • Lee, Sung-Ah;Shin, Kyung-Soo
    • International Commerce and Information Review
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    • v.8 no.4
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    • pp.45-69
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    • 2006
  • First, the trade competitiveness of the textile industries in South Korea has been weakening, whereas, the counterpart in China has been growing as the main export industries. Second, the trade competitiveness of the mechanics industries in South Korea has been increasing and appearing as the new promising strategic export industries. And, the counterpart in China also shows that it has been rising, while the country’s level of the imports specialization index has been weakening. Third, the trade competitiveness of the transportation industries in South Korea has been rising as the export-oriented and at the same time, privileged industries. And, China has also been rising as South Korea has been in the case, whereas, imports specialization index has been weakening. Fourth, the trade competitiveness of the electrical and electronic industries in South Korea has relatively been at the very high level, giving rise to the core export-privileged industries in the South Korea. And, China has been emerging as the new strategic export industries, as its industry structure has been shifted from the import- specialization and export-specialization industries. Fifth, it is indicated that the trade in the both South Korean and Chinese industries of fable materials, mechanics goods for computer & office, and goods for electric mechanics has been going favorable and brisk.

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REINSTATEMENT OF LONG-DISTANCE INTERNATIONAL TRADE AFTER THE ARAB CONQUEST: THE KHAZAR-ARAB PARTNERSHIP ON THE SILK ROAD IN THE 9-10th CENTURIES

  • ASADOV, FARDA
    • Acta Via Serica
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    • v.1 no.1
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    • pp.33-50
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    • 2016
  • The article studies the new situation in international long distance trade after the emergence of new superpower - Arab Caliphate - in Eurasian overland tracks of the Great Silk Road. The stages of Arab advancement along trade routes and outcomes of their contestation with the strong tribal confederations of Turkic nomads in Central Asia and the Caucasus are highlighted. A special focus is made upon the relationship of Arabs with Khazar Turks who have endured severe clashes with strongest army of the time in the region. Khazar kingdom survived and even expanded its control over the tracks of international trade in the western part of Eurasia. The research describes the way how trade partnership between Arabs and Turks was shaped in the aftermath of military clashes. Existing scholarly views on the role of Khazar in Silk Road are reviewed and unattended evidence of Arab sources are involved to support concluding points that Khazar state managed to consolidate various actors for maintenance of international trade such as so called Rus warriors and merchants in the west of Volga, nomadic tribes in Eurasian steppes, and Jewish trading gild named ar-rahdaniyya in Arab sources. It is asserted that Khazar state since the second half of 9th century through its decline in mid 10th century not only served as transit space for goods of exporting countries but also exported goods of its own crafts and natural resources.

A Small Study on Gravitation Analysis of the Port of Busan to the Import and Export Countries : Application of Gravity Model (부산항의 입출항국가에 대한 유인분석 소고 - 중력모형적용 -)

  • 박노경
    • Journal of Korea Port Economic Association
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    • v.19 no.1
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    • pp.23-41
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    • 2003
  • The purpose of this paper is to analyze the gravitation of ship's cargo tons of arriving and leaving port of Busan based on the gravity model empirically and experimentally and to suggest possible ways to expand the trade quantities(cargo tons) by identifying important factors determining the port of Busan's bilateral trade flows with foreign countries by using the 1995, and 2001 data. In this paper, new independent variables, such as land, populations, and the APEC and ASEAN memberships, and new dependent variable, such as the ship's cargo tons of arrival and leaving port of Busan were used for expanding the previous studies. Empirical analysis found that the port of Busan tends to trade more with countries in close proximity and the large size of economies. The fact that the port of Busan's trades more with APEC countries than with non-APEC countries is a clear empirical evidence of the growing importance of the regional trade agreement and strategic alliance with the ports of these member countries. The main policy implication based on the findings of this study is that GDP, distance, adjacency, and APEC membership which were the affecting variables to the bilateral trade with the port of Busan should be closely investigated for enhancing the trade quantities with those foreign countries.

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An Endogenous Decision on the Stringency of the Rules of Origin Verification and its Implications: Focusing on Lobbying a Myopic Government (원산지규정 사후검증제도의 엄격성에 대한 내생적 결정과 함의 : 근시안적인 정부에 대한 로비모형을 중심으로)

  • Woo, Han-Soun;Hwang, Seok-Joon;Hwang, Uk
    • Korea Trade Review
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    • v.44 no.2
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    • pp.203-219
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    • 2019
  • Recently, the Trump administration initiated a new United States-Mexico-Canada Agreement (USMCA) that strengthened NAFTA's rules of origin to enhance protectionism while maintaining the framework of trade agreements rather than completely abolishing them. This study focuses on the behavior of firms motivated to influence the government to practice protectionist trade by analyzing the rules of origin verification and adopting the political economics model. This paper explains the process of endogenous determination of the stringency of rules of origin verification as a non-tariff barrier using the lobbying model. Comparative static analysis shows that the more efficient technology a domestic firm has and the more government prefers to raise political contribution, the more is verification likely to be strict. This suggests that a rationale exists to maintain a free trade agreement in the form of the new agreement (USMCA) without abolishing the current NAFTA regime.

A Study on the Factors Affecting e-Trade Export Performance in SMEs (중소기업의 전자무역 수출성과 요인분석)

  • Kwon, Won-Soon;Oh, Jeong-Suk
    • International Commerce and Information Review
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    • v.9 no.3
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    • pp.131-149
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    • 2007
  • E-tade has the potential to accelerate existing trends and introduce new ways of conducting traditional trade. The primary purpose of this research is to investigate performance factor and analyzes influence between performance of e-Trade and implementation of company. This research will be used as a basis for examining the actual results of e-Trade usage and export productivity. In order to facilitate the process, analysis began after a research prototype was created and research thesis established.

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A Study on the Interpretation of FTA Rules under WTO Agreement (WTO 협정하에서 FTA 체결의 정합성에 관한 연구)

  • Park Jong-Sam
    • Journal of Arbitration Studies
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    • v.15 no.3
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    • pp.233-266
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    • 2005
  • The world trading system has been under many changes in recent years. One notably important development is that much attention away from the multilateralism-oriented World Trade Organization towards FTA(Free Trade Agreement). The Free Trade Agreement signed between korea and chile formally have been come effective for free trade in goods and services as from April 1, 2004. During Free Trade Agreement negotiations between both countries. This study aims at presenting the suggestion for the Korea to make the WTO rules and FTA by analyzing The interpretation of FTA under WTO System. It was founded by the investigation of WTO rules, most of the provisions are similar with other FTA, but a little provisions different from other FTA's. It is an appearance from the contracting party's peculiar circumstances such as state of industrial development or future prospect, conditions around international trade. The whole world has entered the new stage of bilateral and multilateral FTA. The essential or new generation or bilateral and multilateral FTA is creating more trade opportunities, promoting all factors, commodity, service, capital, technology and talent freely flow through canceling the trade barriers between FTA, in order to develop together within the regions. It shows that the cooperations transfer form the whole region into FTA. FTA makes not only the free trade smooth ,but also takes place the trade distortion effect. especially as the agriculture has a speciality each country, should it is ignored in negotiation, many reactions will be occurred in the process of fta Therefore Korea needs to deliver the message that Korea's hub is an essential ingredient for an efficient FTA and WTO system in a bilateral and multilateral win-win framework. Consequently Korea should have criterions about the rules of FTA and WTO system for peculiar circumstances of Korean economy and international trade.

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Bilateral Trade and Productivity Differences in a Ricardo-Cournot Model

  • Song, E. Young
    • Journal of Korea Trade
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    • v.25 no.4
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    • pp.88-107
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    • 2021
  • Purpose - Using a model that highlights Ricardian comparative advantage and Cournot competition, I derive theoretical predictions on how bilateral measures of trade intensity, specialization, and intra-industry are interrelated, and how Ricardian productivity differences affect these measures. We test the predictions using trade and production data, and confirm them. Design/methodology - A simple two-country general equilibrium model is constructed to derive theory-based bilateral indexes. We then test the relationships among them using panel data for 35 countries and 14 industries between 1996 and 2008. Findings - Bilateral trade intensity is increasing in specialization, as in the classical trade theory, and in intra-industry trade, as in the new trade theory. However, productivity differences positively affect specialization, and negatively affect intra-industry trade. These effects cancel each other; thus productivity differences have little impact on trade intensity. Originality/value - This paper provides a comprehensive conceptual framework for understanding the relationship among trade intensity, specialization, intra-industry trade, and productivity differences. We derive theory-consistent measures of specialization, intra-industry trade, and productivity differences. Moreover, we reevaluate the empirical relevance of these variables for the study of gravity equations. This paper is also an effort to capture oligopolistic competition in a general equilibrium framework, interests in which recently resurged.