3. Agriculture
Finland's climate and soils make growing crops a particular challenge. The country lies between 60° and 70° north latitude - as far north as Alaska - and has severe winters and relatively short growing seasons that are sometimes interrupted by frosts. However, because the Gulf Stream and the North Atlantic Drift Current moderate the climate, Finland contains half of the world's
1. Abstract
On October 24, 2002, Korea concluded its first Free Trade Agreement (FTA) with Chile amidst delicate international and domestic circumstances. The first FTA between Asia and America allows Chile to strengthen its transoceanic platform proposal, either for services and exchange of goods (Government of Chile, 2004). It has been four years since the Korea-Chile FTA has been in effect
Phytosanitary Measures(SPS)', 'technical barriers to trade(TBT)', customs inspection etc.
Analysis of FTA
: A. Comparative advantage
Comparative advantage
Korea strong in automobiles, electronics, textiles
Japan strong in automobiles, electronics, general machinery
Relative comparative advantage
Korea in agriculture, electronics, textiles
Japan in automobiles, general machinery,
- 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
agriculture, hotel, real estate, paper industry, power plant, public enterprise, resorts, golf fields, real estate managing and apartment lease, and placed in 60th and 64th among ‘500 International Chinese Corporations’ respectively. However, as Southeast Asian economy was hit by the economic crisis of 1997, most of the Chinese companies also got into deep recession.
3. Thailand