Korea's Policy on Free Trade Agreements and its Position on an Agreement with Japan
The government of Korea considers the promotion of Free Trade Agreements (FTA) as necessary to develop its economy into an open trading nation. As for the countries with which the Korean government is actively investigating possible FTAs, there are Japan, Singapore, the Association of South East Asi...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2004-12-01
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| Series: | Journal of International Logistics and Trade |
| Online Access: | https://www.emerald.com/insight/content/doi/10.24006/jilt.2004.2.2.5/full/pdf |
| _version_ | 1827749723477377024 |
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| author | Inkyo Cheong |
| author_facet | Inkyo Cheong |
| author_sort | Inkyo Cheong |
| collection | DOAJ |
| description | The government of Korea considers the promotion of Free Trade Agreements (FTA) as necessary to develop its economy into an open trading nation. As for the countries with which the Korean government is actively investigating possible FTAs, there are Japan, Singapore, the Association of South East Asian Nations (ASEAN,) and Mexico. For the time-being, the FTA with Japan seems to be a critical one in practicing Korea s FTA policy. Recently, Korean industries show negative positions against a Korea-Japan FTA, with strong opposition from the labor union insisting that it is evident that Korea will sustain damages in the short-run and the dynamic (long-term) benefits are still ambiguous and uncertain. Regardless of whether their argument is correct or not, it will be difficult for Korea to conclude the FTA with Japan unless there is concrete confidence of balanced economic gains through the FTA between the two countries. |
| first_indexed | 2024-03-11T06:32:35Z |
| format | Article |
| id | doaj.art-03f3536652fd409cbe8ab14858eb4ffc |
| institution | Directory Open Access Journal |
| issn | 1738-2122 2508-7592 |
| language | English |
| last_indexed | 2024-03-11T06:32:35Z |
| publishDate | 2004-12-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Journal of International Logistics and Trade |
| spelling | doaj.art-03f3536652fd409cbe8ab14858eb4ffc2023-11-17T11:03:48ZengEmerald PublishingJournal of International Logistics and Trade1738-21222508-75922004-12-012252810.24006/jilt.2004.2.2.5Korea's Policy on Free Trade Agreements and its Position on an Agreement with JapanInkyo Cheong0Department of Economics, Inha University, 253 Yonghyun-dong, Nam-Ku Incheon 402-751, KoreaThe government of Korea considers the promotion of Free Trade Agreements (FTA) as necessary to develop its economy into an open trading nation. As for the countries with which the Korean government is actively investigating possible FTAs, there are Japan, Singapore, the Association of South East Asian Nations (ASEAN,) and Mexico. For the time-being, the FTA with Japan seems to be a critical one in practicing Korea s FTA policy. Recently, Korean industries show negative positions against a Korea-Japan FTA, with strong opposition from the labor union insisting that it is evident that Korea will sustain damages in the short-run and the dynamic (long-term) benefits are still ambiguous and uncertain. Regardless of whether their argument is correct or not, it will be difficult for Korea to conclude the FTA with Japan unless there is concrete confidence of balanced economic gains through the FTA between the two countries.https://www.emerald.com/insight/content/doi/10.24006/jilt.2004.2.2.5/full/pdf |
| spellingShingle | Inkyo Cheong Korea's Policy on Free Trade Agreements and its Position on an Agreement with Japan Journal of International Logistics and Trade |
| title | Korea's Policy on Free Trade Agreements and its Position on an Agreement with Japan |
| title_full | Korea's Policy on Free Trade Agreements and its Position on an Agreement with Japan |
| title_fullStr | Korea's Policy on Free Trade Agreements and its Position on an Agreement with Japan |
| title_full_unstemmed | Korea's Policy on Free Trade Agreements and its Position on an Agreement with Japan |
| title_short | Korea's Policy on Free Trade Agreements and its Position on an Agreement with Japan |
| title_sort | korea s policy on free trade agreements and its position on an agreement with japan |
| url | https://www.emerald.com/insight/content/doi/10.24006/jilt.2004.2.2.5/full/pdf |
| work_keys_str_mv | AT inkyocheong koreaspolicyonfreetradeagreementsanditspositiononanagreementwithjapan |