We analyze Korea's FTA policy based on the outcomes of recent bilateral FTAs, in terms of achieving policy objectives. While many previous studies mainly focused on trade impacts under bilateral FTAs, this study analyzes the overall economic impact of FTAs in terms of growth and welfare, as...

March 15, 2015 marks the third year since the entry into force of the KORUS FTA. The effect of the FTA has been positive in trade and investment. During the 34 months since its entry into force, Korea saw an increase of 31.54% in exports to and 10.77% in imports from the U.S. The effect of the...

This research examines Japan's FTA strategies with the focus on Japan's 13 bilateral FTAs, and ongoing negotiations on the TPP and the EU-Japan FTA. Especially, this research sheds light on the differences between the Japan's 13 existing FTAs and the ongoing two Mega FTA negotiations in terms of...

This paper examined and analyzed anti-dumping provisions in the free trade agreements that Korea entered or effectuated. As of November 11th 2014, Korea signed or effectuated 12 FTAs with its trading partners. Followings are areas for Improvement for New or Revised FTAs Negotiations: de minimis...

The rise of global value chains has changed the trade and investment patterns in East Asia. The intra-regional trade of intermediate goods in East Asia turned out to increase compared to the EU and the US, and East Asian value chains have grown rapidly in recent years. This paper calculates the...

Since the Korea-U.S. (KORUS) FTA entered into force on March 15, 2012, both sides have reviewed its status of implementation through various joint committee and working group meetings, and discussed ways to further advance their cooperation on bilateral trade issues for successful...

Since it was signed in April of 2007, and after undergoing additional negotiations in 2011, the Korea-U.S. FTA finally came into effect as of March 15, 2012, with the completion of the ratification process in the two countries after six years since negotiations began. Some were hopeful while...

Ever since the 1990s, there has been a stream of unofficial studies and reviews discussing the possibility of a US-EU FTA. The average tariff rates for manufactured goods, however, in the US and EU are each a mere 2.0% and 2.4%, and both possess largely open economies. In this context it was...

In order to argue that the proposed FTAAP is the second-best policy option for APEC member economies and the world economy com-pared to the stalled first-best multilateral liberalization effort like the DDA (Doha Development Agenda), we examine existing arguments for and against the proposed...

In the early years of the twenty-first century proposals reflecting two distinct “visions” of Asia-Pacific integration were being advanced for consolidating the regional trade architecture through the establishment of region-wide trade agreements. The rise of East Asian regionalism was...