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    Promotion Strategy and Economic Effect of an Inter-Korean CEPA

    Ho, Lim Soo; Yoojeong, Chi | October 2017
    Abstract
    This study examines the necessity and possi-bility of an inter-Korean FTA in order to ex-pand inter-Korean economic cooperation and economic integration between the two Koreas. In the meantime, inter-Korean economic co-operation has been free of tariffs (zero tariffs) since 1992 in accordance with the principle of “domestic transaction,” and has been tolerated by the international community. However, as the scale of inter-Korean economic coopera-tion increases and economic integration is dis-cussed in a fuller context, it is expected to be-come inevitable for the international commu-nity to raise the issue of trade practices. Also in the long run, if North Korea joins the WTO, there is the possibility of a complaint being lodged against South Korea, a member of the WTO, by WTO member countries. In this pa-per, we propose a Closer Economic Partner-ship Arrangement (CEPA) as a new develop-ment model of inter-Korean economic cooper-ation that will secure international legal legit-imacy and contribute to economic change in North Korea. First, it reviews the necessity and possibility of conclusion of a CEPA for the two Koreas. Then it provides the key contents that should be included in the CEPA and seeks a conclusion strategy. Finally, the eco-nomic effect of the inter-Korean CEPA will be analyzed.
    Citation
    Ho, Lim Soo; Yoojeong, Chi. 2017. Promotion Strategy and Economic Effect of an Inter-Korean CEPA. © Korea Institute for International Economic Policy. http://hdl.handle.net/11540/7470.
    ISSN
    2233-9140
    Keywords
    Government Policy
    Regional Organization
    Regional Plans
    Economic integration
    Regional Development Bank
    Preferential tariffs
    International negotiation
    Protectionist measures
    Access to markets
    Economic agreements
    International trade law
    Regional integration
    Trade relations
    Regionalism
    Regional Economy
    Regional Trading Arrangements
    Regional Trade Integration
    Regional Economic Integration
    Regional Cooperation
    Interregional Cooperation
    Trade Disputes
    Trade Barriers
    Regional economics
    Regional planning
    Regional disparities
    Interregionalism
    Regional economic disparities
    Regional economic blocs
    Industrial arbitration
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    Citable URI
    http://hdl.handle.net/11540/7470
    Metadata
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    WEB 17-20.pdf (876.4Kb)
    Author
    Ho, Lim Soo
    Yoojeong, Chi
    Theme
    Regional
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise