Korea-Japan Partnership for the 21st Century”, which included cooperation in economy, security and cultural exchange. Since then, almost 5 years have been spent on studies and consultations until October 2003, when the Japanese Prime Minister Koizumi and Korean President Roh Moo-Hyun, agreed to start official negotiations, aiming to sign the FTA by the end of 2005. In December 2003 South Korea
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
1. Introduction
These days, we can see easily some gathered people on TV who demonstrate against KOREA-U.S. FTA (KORUS FTA) on the street around Seoul City Hall and hold candles on their hands, which is a kind of demonstration parade in the Republic of Korea. Even though a lot of people in Korea raised objection to FTA, KORUS FTA which made a lot of issues was ratified in the National Assembly
- Again china ranks first as country in export(double the US)
- Japan mostly imports natural resources fossil fuels, lumber
- Japan imports goods like electronics, machinery and optical instruments
=> Japan’s comparative advantage
b. Quotas
Japan imposes a quota rate on 17 products to Korea, mainly Agricultural
Products and fish
Ex) Quota of 2.4million sheets of Korean Seawe
세계경제가 세계무역기구(WTO) 중심의 다자체제로 통합되어 가는 추세에도 불구하고 현재 지역경제통합의 확대와 심화는 계속되고 있다. 또한 세계경제가 무한경쟁에 돌입함으로써 성장력 유지와 안정적인 해외시장 확보를 위한 방안으로 주요 교역국들은 FTA의 체결과 같은 전략적 접근을 적극적으로