Tagged: Korea

New publications from OECD, late April 2017

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

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Comparison & Analysis of Anti-dumping Provisions in the FTAs signed by Korea

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 rule needs to be applied in reviews and criteria for terms of competition in cumulation need to be Specified. The result of this paper will be a useful reference for Korea to prepare for mega free-trade deals such as the Regional Comprehensive Economic Partnership, the Trans-Pacific Partnership and the Free Trade Area of the Asia Pacific.

Full-text available in .pdf

The Emergence of the Pacific Alliance and Implications for Korea

In June 2012, four Latin American coun-tries on the Pacific coast (Chile, Colombia, Mexico, and Peru) declared the establish-ment of a new economic integration initia-tive within the region, and consequently launched the Pacific Alliance. Since then, it has been making rapid progress and is ex-pected to open up new horizons in regional economic integration. Under recent circum-stances in which existing regional commu-nities, such as MERCOSUR (Southern Cone Common Market) and ALBA (Boli-varian Alliance for the Peoples of Our America), are faltering, the Pacific Alliance draws increasing attention from the world as it advocates open regionalism. Of the member countries of the Pacific Alliance, all four have already signed FTAs. The intention of these countries, however, is to deepen existing economic integration through the Pacific Alliance. Narrowing geographical distance by working on the joint project of transportation infrastructure and eliminating cross-border visa require-ments to encourage freer movement of hu-man resources are key pillars of their plan.

Full-text available in .pdf

The Effects of Trade and Investment Liberalization on Korea’s FDI

While most of RTA talks have incorporated rules on industrial tariff and non-tariff barriers, services, and trade remedies in the past, countries now seek to co-operate on other areas of policymaking, such as rules on investment. This article provides detailed analysis on the effects of trade and investment liberalization on Korea’s inward and outward foreign direct investment (FDI) by collecting all relevant information on substantive investment provisions contained in all Korea FTAs in force as May 2013 and constructing indices of the extensiveness of investment provisions.

Full-text available in .pdf

The Role of International Development Finance Institutions in Financing Infrastructure in Africa and Its Implications for Korea

This study surveys the types and amount of financial resources that multilateral and bilateral DFIs provide for Africa, and makes an in-depth analysis of major projects in Africa financed by them. Moreover, this study explores how Korean ECAs and investors collaborate with international financial institutions to provide increased funding for Africa’s infrastructure development projects.

Full-text available in .pdf

China’s Green Growth Strategy and Implications for Trade between Korea and China

This report reviewed Chinese green growth policy overall; and also analyzed trade policy, trade disputes, and Korea-China trade. China’s green growth is that it represents a transition in the mode of economic development. It is also empirically proven that the result of environmental regulation policies provide positive impact on export increases. This paper examines trade disputes related to China’s green growth policy and analysis of environmental products in Korea-China trade.

Full-text available in.pdf

Exchange rate effects on Korea–U.S. bilateral trade: A new look

This study examines the effect of exchange rate fluctuations on Korea׳s trade with the U.S. by taking the roles of exchange rate volatility and third country effects into account. An autoregressive distributed lag (ARDL) approach to cointegration is applied to estimate bilateral exports and imports of disaggregating 10 industries between Korea and the U.S. We find that Korea׳s major export industries are highly responsive to the bilateral exchange rate, volatility and third country effects in both the long- and short-run, whereas Korea׳s imports are mostly insensitive to changes in those three factors. It is also found that income in both countries plays an important role in influencing the bilateral trade flows in both the long- and short-run.

Full-text available in .pdf