• Title/Summary/Keyword: trade flow

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Current Status and Issues in Digital Trade Agreements: Focusing on Cross-border Data Flows and Data Protection (디지털 통상의 국제규범화 현황과 쟁점: 국경 간 데이터 이동 및 데이터 보호를 중심으로)

  • Joo Hyoung Lee;Jeongmeen Suh;Jaeyoun Roh
    • Korea Trade Review
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    • v.46 no.3
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    • pp.99-117
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    • 2021
  • Korea's FTA e-commerce regulations are evolving into a standardized norm. However, "location of computing facilities", which was not covered by Korea's existing FTA, was newly established in Korea's first Mega FTA, RCEP. China, a member of RCEP, restricts data movement and requires data localization through its Cybersecurity law. These facts have led to start this study with interest in data-related regulations. It examined country-specific and regulatory characteristics in the process of forming digital trade norms, using the TAPED established by Burri et al. (2020). It also analyzed the current status of introducing norms related to 'data flow', 'data localization' and 'data protection' of the EU, USA and China, which are leading the formation of e-commerce trade norms. Finally, the legal review was conducted to compare the exact meaning of the wording expressed in each agreement for the six recently enacted Mega FTAs and Digital Economic Agreements. These findings are meaningful in that they provided implications for the effectiveness of RCEP and the direction of negotiations on Korea's digital trade norms.

The Impacts of China's Belt and Road Initiative (BRI) on the Trade Patterns of Tanzania (중국 일대일로 정책이 탄자니아 무역패턴에 미치는 영향)

  • Oscar M. Malela;Tae-Hee Lee
    • Korea Trade Review
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    • v.46 no.3
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    • pp.1-24
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    • 2021
  • The Belt and Road Initiative (BRI) is designed to intensify bilateral trade between China and the BRI countries through the improvement of transportation connections. However, little research has empirically investigated the impacts of this policies on the trade patterns. This paper attempts to evaluate the impacts of BRI on the trade patterns of Tanzania. Our study extends the original gravity model of bilateral trade by adding GDP per capita, population and proximity as the explanatory variables. According to our research, we observed that the BRI significantly impacted the Tanzania's trade patterns, as it led to the increase of bilateral trade flow between Tanzania and China more importantly between Tanzania and its adjacent countries. It indicates that the Belt and Road Initiative (BRI) has boosted Tanzania's trade exclusively, hence the Tanzania's export sector earns greater trading potential with the adjacent countries.

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.

A Study on theoretical framework of Electronic Trade (전자무역의 이론적 프레임워크에 관한 연구)

  • Jung, Jae-Woo;Hong, Yeong-Sun
    • International Commerce and Information Review
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    • v.8 no.1
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    • pp.143-163
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    • 2006
  • The terms electronic trade, electronic trading and electronic commerce are often used interchangeably, and refer to trading transactions conducted using electronic media. Electronic trade is business-to-business transactions in an industrial context, while electronic commerce refers to retailing and the consumer sector as well as mass marketing. The Electronic trade process is defined as a flow of information (documents) exchanged between enterprises and trade-related firms (shipping companies, foreign exchange banks, forwarders, etc.) in the course of implementing a series of export and import procedures. Electronic trading systems exploit information technology to improve the efficiency of communications and/or to alter the nature of inter-organizational transactions. Many studies exist about the adoption of inter-organizational systems (IOS) and electronic data interchange (EDI), but few focus on electronic trade. The literature on exporting companies's electronic trade adoption and implementation, although extensive, consists mainly of exploratory studies focusing on technological characteristics such as barriers, benefits and usage. The purpose of this study is to broaden this perspective by investigating the environmental, organizational and technological drivers of business-to-business e-commerce adoption.

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Trends in Digital Security Policies and Trade Rules in Major Overseas Countries (디지털 보안에 대한 해외 주요국의 통상 규범 동향)

  • J.E. Kim
    • Electronics and Telecommunications Trends
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    • v.38 no.4
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    • pp.1-11
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    • 2023
  • Trade rules in service and digital sectors mainly focus on reducing regulatory uncertainties by improving transparency and minimizing unnecessary requirements. Recognizing the importance of digital trade rules and trade in information and communication technology (ICT) sectors, governments worldwide have rapidly adopted and expanded rules on free flow of data, personal data protection, electronic authentication, and cybersecurity. On the other hand, advances in technology have led governments to face multiple threats related to cybersecurity, intellectual property (including that related to source code and algorithms), and unauthorized access to proprietary information of their suppliers. This study presents digital trade rules related to digital security emphasizing cybersecurity, source code, and ICT products that use cryptography in different trade agreements. Additionally, it introduces various approaches that major countries are taking to both address digital security issues and seek balance between security enhancement and trade liberalization.

International Trade and Logistics of Kazakhstan and Its Trading Partners: Contribution to Economic Growth and Distribution of Trade Flows

  • Zhanarys RAIMBEKOV;Zhibek RAKHMETULINA;Tana ABYLAIKHANOVA;Bakyt SYZDYKBAYEVA;Aigerim RAKHMETULINA
    • Journal of Distribution Science
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    • v.21 no.9
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    • pp.67-79
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    • 2023
  • Purpose: To investigate the intensity of bilateral international trade of the Silk Road Economic Belt (SREB) countries with Kazakhstan, its relationship with logistics (LPI), to assess their contribution to economic growth and distribution of commodity flows. Research design, data, and methodology: The method of analyzing the bilateral trade flow was applied by using the trade intensity index (TII) and a multidimensional regression model describing the relationship between LPI and its components, TII, the volume of exports and imports, GDP. Results: The nature and directions of the relationship between TII and the key components of logistics, the positive impact of LPI on the intensity of trade are established. It is revealed that the intensity of trade between the countries in the direction of the EAEU-Kazakhstan has a greater impact on the growth of LPI than in the opposite direction. At the same time, the higher the level of trade integration and the volume of GDP, the stronger their impact on the efficiency of logistics and distribution of commodity flows. Conclusions: Effective distribution of commodity flows will require the development of logistics components based on the direction of bilateral trade and the size of countries, the intensification of state reforms in the field of international trade and distribution logistics.

Estimating United States-Asia Clothing Trade: Multiple Regression vs. Artificial Neural Networks

  • CHAN, Eve M.H.;HO, Danny C.K.;TSANG, C.W.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.403-411
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    • 2021
  • This study discusses the influence of economic factors on the clothing exports from China and 15 South and Southeast Asian countries to the United States. A basic gravity trade model with three predictors, including the GDP value produced by exporting and importing countries and their geographical distance was established to explain the bilateral trade patterns. The conventional approach of multiple regression and the novel approach of Artificial Neural Networks (ANNs) were developed based on the value of clothing exports from 2012 to 2018 and applied to the trade pattern prediction of 2019. The results showed that ANNs can achieve a more accurate prediction in bilateral trade patterns than the commonly-used econometric analysis of the basic gravity trade model. Future studies can examine the predictive power of ANNs on an extended gravity model of trade that includes explanatory variables in social and environmental areas, such as policy, initiative, agreement, and infrastructure for trade facilitation, which are crucial for policymaking and managerial consideration. More research should be conducted for the examination of the balance between developing countries' economic growth and their social and environmental sustainability and for the application of more advanced machine-learning algorithms of global trade flow examination.

A Numerical study for the efficacy of flow injection on the diminution of rudder cavitation

  • Seo, Dae-Won;Lee, Seung-Hee;Kim, Hyo-Chul;Oh, Jung-Keun
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.2 no.2
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    • pp.104-111
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    • 2010
  • The complete avoidance of cavitation, as a result of gap flow between the fixed and movable portion of a horn type rudder system, is difficult. To reduce gap flow, it is a common practice to attach a half round prismatic bar that protrudes beyond the concave surface of the horn facing the gap and laid along the centerplane of the rudder. However the employment of such a device does not always yield satisfactory results. Previously, the authors have shown that a pair of blocking bars, attached on the convex surface of the movable portion, better enhance the blocking ability of gap flow to that of a single centre bar installed on the concave surface. This also circumvents difficulties that might occur in practical applications. In the present study, a series of numerical computations show that flow injected into the gap of a rudder may also block the flow within, without employment of any physical devices, such as a half circular bar. This study also shows that the combination of flow injection and blocking bars may result in the synergic augmentation of blocking efficiency of gap flow, as demonstrated in computations for a three dimensional rudder system.

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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A Study on the SCM Process in e-Trade (e-Trade의 SCM Process에 관한 연구)

  • 김명호
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.8 no.4
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    • pp.918-925
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    • 2004
  • SCM means that production companies set up schedules for the purchase, manufacture and sales of production parts, go on smoothly the flow of products (added value and material flow) by systematically arranging the demand plans of customers and the distribution situation, thereby executing the management of them in an effective way. This article aims at analyzing the external flow between government and companies and presenting the problems and the improvement plans, which can make clear all the information flow of supply networks including the internal integration.