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The Korean government introduced the trade adjustment assistance (TAA) program to facilitate structural adjustment under the implementation of its free trade agreements (FTAs). One big problem with the TAA program is that its criterion for eligibility for TAA support requires a 25 percent...
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This paper reviews the impact of Korea's FTAs on trade and business, reporting substantial trade growth with FTA partner countries with some exceptions. It also analyzes FTA use by firms, and tries to present the effects of the FTAs on the Korean business firms. According to the paper, Korea's...
Persistent link: https://www.econbiz.de/10008564656
The Republic of Korea (hereafter Korea) continues to promote an open-trade system via the conclusion of free trade agreements (FTAs), arguing that Korean enterprises will obtain considerable business opportunities under the FTAs the government has implemented. However, the FTAs that are...
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Few studies have examined Free Trade Agreements (FTAs) in the context of logistics, reflecting a lack of hybrid studies involving trade economists and logistics researchers. This paper attempts to examine the impact of Korea's FTAs on the flow of international trade, the volume of seaborne...
Persistent link: https://www.econbiz.de/10010690679
The spread of Asia’s free trade agreements (FTAs) has sparked an important debate on the impact of such agreements on business activity. This pioneering study uses new evidence from surveys of East Asian exporters – including Japan, the People’s Republic of China, the...
Persistent link: https://www.econbiz.de/10011180014
Korea’s trade with most of its 46 free trade agreement (FTA) partner countries has been expanded continuously. Its FTA utilization ratios were as low as 20% before 2010, and some suspicions regarding the benefits of FTA were raised, despite the government’s active promotion. But Korea...
Persistent link: https://www.econbiz.de/10010936472
Several initiatives have emerged for regional economic integration in the Asia-Pacific region. The United States has led the negotiations for the Trans-Pacific Partnership agreement, and ASEAN countries have recently started to promote the Regional Comprehensive Economic Partnership. This paper...
Persistent link: https://www.econbiz.de/10011009847
The Trans-Pacific Partnership (TPP) agreement seems to have reached a crossroads : it could either be a building block toward achieving economic integration in Asia and the Pacific, or trigger the formation of two large trade blocs which will work independently of one another. When the...
Persistent link: https://www.econbiz.de/10011278104