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Main Characteristics of Bilateral Trade between Iran and South Korea: Focusing on Trade Diversification

dc.contributor.authorZahra Zamani
dc.date.accessioned2019-01-30T17:06:37Z
dc.date.available2019-01-30T17:06:37Z
dc.date.issued2018-11-02
dc.identifier.issn2233-9140
dc.identifier.urihttp://hdl.handle.net/11540/9414
dc.description.abstractSouth Korea and Iran enjoy economic ties covering many sectors and activities. Iran is one of Korea’s largest trade partners in the Middle East and its fourth-largest supplier of crude oil. In recent years, South Korea has imported 87 percent of its oil from the Middle East, and Iran has become one of its top suppliers. Although bilateral trade between Iran and South Korea reached a maximum of more than US$12 billion in 2017, the US’ withdrawal from the Iran nuclear deal on May 2018 and its new plans for re-imposing sanctions on Iran may affect Iran-Korea bilateral trade. This demonstrates how earnings from Iran’s trade relations are somehow fragile against sanctions, and due to this fact the expansion of non-oil exports on the basis of an export leap strategy can be considered as a major goal of Iran’s development plans in trade and business. In this situation, it will be essential to identify areas with good prospects to enhance exports and diversify trade between Iran and its trading partners like South Korea. South Korea should play a volunteering and constructive role in collaboration with Iran. The long-standing relations and existence of several bilateral economic and trade agreements between the two nations indeed require a careful and in-depth study of the economic and trade positions of both countries.
dc.languageEnglish
dc.publisherKorea Institute for International Economic Policy
dc.titleMain Characteristics of Bilateral Trade between Iran and South Korea: Focusing on Trade Diversification
dc.typeBriefs
dc.subject.expertFree Trade
dc.subject.expertTrade Facilitation
dc.subject.expertTrade
dc.subject.expertEconomic integration
dc.subject.expertRegional Economic Integration
dc.subject.expertIntraregional Trade
dc.subject.expertMacroeconomic
dc.subject.expertMacroeconomic Analysis
dc.subject.expertMacroeconomic Framework
dc.subject.expertMacroeconomic Models
dc.subject.expertMacroeconomic Performance
dc.subject.expertMacroeconomic Planning
dc.subject.expertMacroeconomic Policies
dc.subject.expertMacroeconomic Reform
dc.subject.expertMacroeconomic Stabilization
dc.subject.adbEconomic planning
dc.subject.adbEconomic structure
dc.subject.adbGrowth policy
dc.subject.adbTrade relations
dc.subject.adbTrade policy
dc.subject.adbTrade policy
dc.subject.adbEconomic development
dc.subject.adbEconomies in transition
dc.subject.adbInternational economy
dc.subject.adbBorder integration
dc.subject.adbEconomic integration
dc.subject.adbGross domestic product
dc.subject.adbTrade policy
dc.subject.adbTrade Regulations
dc.subject.adbExchange Rate
dc.subject.naturalRegional economics
dc.subject.naturalEconomic forecasting
dc.subject.naturalEconomic development projects
dc.subject.naturalSuccess in business
dc.subject.naturalBusiness
dc.subject.naturalFree trade
dc.subject.naturalBusiness
dc.subject.naturalEconomics
dc.subject.naturalCommunication in economic development
dc.subject.naturalRestraint of trade
dc.subject.naturalInternational economic integration
dc.subject.naturalTrade blocs
dc.subject.naturalEast-West
dc.title.seriesKIEP World Economy Brief
dc.title.volumeVol. 8 No. 29
dc.contributor.imprintKorea Institute for International Economic Policy
oar.themeTrade
oar.themeEconomics
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji Islands
oar.countryKiribati
oar.countryMarshall Islands
oar.countryFederated States of Micronesia
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryPeople's Republic of China
oar.countryHong Kong
oar.countryChina
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-008957
oar.authorZamani, Zahra
oar.importTRUE
oar.googlescholar.linkpresenttrue


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