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
1. Introduction
In October 1998, South Korean President Kim Dae Jung paid an official visit to Japan, for the first time since March 1994 a leader from South Korea had visited Japan, hoping to improve bilateral relations between the two countries. This visit was crucial for the renewed closer bilateral cooperation between Japan and South Korea, as it helped them hold comprehensive trade and in
Introduction
Korea and Turkey started
a FTA negotiation in April 2010.
The third round of FTA resolved six different issues.
The 3rd round meeting would be helpful to minimize opinion differences.
Bureaucratic regulations
Turkey keeps improving the trade system. But still bureaucratic process exists. The guidelines are not clear, and they change frequently.
Deposit of impor
continuously. It's already over $ 21,000. New Zealand's GDP per capital is similar with Korea.
- Major industry : New-Zealand
The value of the Agriculture sector accounted for 5.3% of GDP. The forestry, fisheries, and mining sector accounted for 2.8% of GDP. It means natural resources is one of the major industries in New-Zealand.
Trade statistics of countries
[Korea]
- 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