Director-General-Level Consultation on the Korea-Japan FTA from 2010. So, Korea-Japan FTA is still under consideration. So far, the major issues discussed in the negotiations are Tariffelimination in the trade of goods, improvements of the Japan-ROK investment agreement, liberalization in the trade in services and the other issues such as non-tariff measures, mutual recognition and cooperation
FTA negotiation
Tariffelimination
- big car : in 3 year
- small car(less than 1500cc) : in 5 year
Duty drawback
1) The main object of fail : Negotiation About Customs Tax and Refund Feasibility : Duty drawback
→ At first, South Korea demanded maintenance of customs tax and refund feasibility.
2) Viewpoint
→ A viewpoint of South Korea
If there is abolition of customs tax
Ⅰ. FTA(Free Trade Area)
(1)The Definition of FTA
Free Trade Area is a designated group of countries that have agreed to eliminate tariffs, quotas and preferences on most (if not all) goods between them.
It can be considered the second stage of economic integration. the stage of economic integration
Economic integration is a term used to describe how different aspects between economi
Intro
Formal negotiation between Turkey and Korea began in April 2010. This negotiation was dealing with issues regarding bilateral trade liberalization in goods and services. The second round of FTA talks was kicked off on June 2010. During this talk, more in-depth discussion on four sectors including goods, services and investments, regulations, and government procurement were adopted. Aft
Tariffs & Non-trade Barriers
: The tariff rate varies on different industry
Removal of NTBs is very important issue in the FTA agreement with Japan.
Although, Japan imposes almost 0% tariff on most industrial products, the special structure of Japanese market is an obstacle for the Korean to get into.
Japan is strengthening NTBs such as 'Agreement on the Application of Sanitary and Phy