RESEARCH
Policy Reference
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Strategic Economic Cooperation Between Indonesia and Korea
Wan-Joong Kim Date 1995.12.30
Economic Cooperation -
Energy Resources in the Siberian Region and Development
Seung-Weon Suh Date 1995.12.30
Economic Development -
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Reform of China's Internal Trade System
Soo-Woong Choi Date 1995.12.30
Economic Opening, Industrial Policy -
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The Current Status of Statistical Activities in the OECD
Chang In Yoon Date 1995.12.30
Economic Development -
Internationalization of the Chinese Economy: An Evaluation
Young-Rok Chong Date 1995.12.30
Economic Reform -
Basic Framework of the North Pacific Technological Community
This study suggests a technical tie-up as a strategic method for future North Pacific economic cooperation that differs from the current trade and investment-oriented economic cooperation.Although there are a variety of restrictio..
Co-authors Date 1995.12.30
Technical CooperationDownloadContentSummaryThis study suggests a technical tie-up as a strategic method for future North Pacific economic cooperation that differs from the current trade and investment-oriented economic cooperation.
Although there are a variety of restrictions in economic cooperation in this area, there is a high chance of success in technical tie-ups. Their success and accumulated experience can provide an environment for economic cooperation and provide impetus at the same time.
With the high growth and increases to Asia Pacific interdependency, countries are interested in establishing economic cooperation within area such as the EU, and the Asia Pacific Economic Cooperation (APEC) was formed in 1989.
APEC is the sole regional economic cooperation body that Korea has joined, but includes the relatively strong subordinate regional economic cooperation body of ASEAN and NAFTA. Therefore, it will be difficult for Korea to produce practical benefits for years to come.
In Northeast Asia, where cooperation is minimal, discussions on forming a regional economic cooperation body will progress further. -
Effect of China's Entry on WTO and China-Korea Economic Cooperation
This paper focuses on how China's entry to the WTO has affected China-Korea economic cooperation and takes its countermeasure. Although China had an opportunity to join GATT succeeding former treaty powers after Taiwan's withdrawa..
Ick-Soo Kim Date 1995.12.30
Economic OpeningDownloadContentSummaryThis paper focuses on how China's entry to the WTO has affected China-Korea economic cooperation and takes its countermeasure.
Although China had an opportunity to join GATT succeeding former treaty powers after Taiwan's withdrawal in 1950, China only declared its intention to join the WTO in 1986.
Negotiations on admission to GATT were suspended after the events at Tiananmen Square in 1989, but they took a favorable turn after China and the U.S. signed a memorandum of understanding on pursuing market economics and intellectual property rights in 1992.
However, disputes arose over the China-U.S. trade balance and former Taiwanese President Lee Teng-Hui's visit to the United States in 1995, delaying China's admission to the WTO.
Nevertheless, given the following factors, negotiations on China's entry on the WTO will progress rapidly according to the development of China-U.S. relations: 1) China has acquired a position as a WTO observer; 2) China has the 11th-largest trade ($240 billion); and 3) the political situation between China and the United States can change rapidly.
It is only a matter of time before China joins the WTO in consideration of its high growth and improved position. -
Effect of Tariff Reduction on Offshore-Processed Imports
This paper aims to analyzing how tariff reductions on offshore-processed imports affect the Korean economy. This system exempts domestically produced parts from customs duty and levies value-added tax on raw materials levies when ..
June-Dong Kim et al. Date 1995.12.30
DownloadContentSummaryThis paper aims to analyzing how tariff reductions on offshore-processed imports affect the Korean economy. This system exempts domestically produced parts from customs duty and levies value-added tax on raw materials levies when they are imported after processing offshore. Most developed economies, including the U.S., Japan, EU and Canada, have already implemented such a system.
This study also analyzed the effects of overseas direct lowered production cost due to the economic effects of tariff reduction. The results reveal that overseas direct investment in the metalworking, machinery, chemistry and textile industry will be beneficial.