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Eurasian Economic Community (EurAsEC): Legal Aspects of Regional Trade Integration
The Eurasian Economic Community (EurAsEC) is an international economic organization designed to effectively promote the formation of a customs union and a single economic space among six CIS countries: Belarus, Kazakhstan, Kyrgyzs..
Sherzod Shadikhodjaev Date 2008.09.30
Economic integration, Trade policyDownloadContentContents
I. Introduction
II. The EurAsEC as an International Economic Organization
1. International Personality
2. Membership
3. Structure
4. Decision-Making
III. Free Trade Regime
IV. Formation of a Customs Union
1. Common Customs Tariff
2. Unification of Trade Regimes vis-à-vis Third Countries
3. Common Customs Policy
4. Trade Remedies
5. Non-Tariff Regulatory Measures
6. Rules of Origin
7. Dispute Settlement
V. The EurAsEC and the WTO
1. WTO Accession of EurAsEC Members
2. WTO-Compatibility of the EurAsEC Customs Union
VI. Conclusion
References
AppendixSummaryThe Eurasian Economic Community (EurAsEC) is an international economic organization designed to effectively promote the formation of a customs union and a single economic space among six CIS countries: Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Moldova, Ukraine, and Armenia have observer status. (The rest is omitted.) -
Intra-industry Trade between Korea and ASEAN Countries: Components and Basic Material Trade
Given the active expansion of fragmented production processes across the borders, this study decomposed components and basic material trade between Korea and ASEAN countries into three parts; one-way trade, vertical intra-industry..
Jaewan Cheong et al. Date 2008.08.30
Trade structure, Industrial policyDownloadContentSummaryGiven the active expansion of fragmented production processes across the borders, this study decomposed components and basic material trade between Korea and ASEAN countries into three parts; one-way trade, vertical intra-industry trade(vertical IIT), and horizontal intra-industry trade(horizontal IIT), using finely disaggregated international trade data. (The rest is omitted.) -
A Study on Korea's Strategies for Mode 4 Negotiations in Trade in Services: Implications for Independent Professionals
This report studies the impact of making specific commitments in the category of independent professionals on the local labor market and suggests Korea's strategies for independent professionals (IP) in Mode 4 under the DDA and FT..
June Dong Kim et al. Date 2008.08.29
Labor market, Trade policyDownloadContentSummaryThis report studies the impact of making specific commitments in the category of independent professionals on the local labor market and suggests Korea's strategies for independent professionals (IP) in Mode 4 under the DDA and FTA services negotiations. (The rest is omitted.) -
The Status of China's Financial Sectors and the Analysis of Transaction Barriers
In November 2004, during the APEC Summit Meeting in Chile, President Hu Jintao of the People's Republic of China and President Roh Moo-Hyun of the Republic of Korea, agreed to a non-governmental feasibility study on a Korea-China ..
Chang Young Lee Date 2008.08.25
Financial liberalization, Free tradeDownloadContentSummaryIn November 2004, during the APEC Summit Meeting in Chile, President Hu Jintao of the People's Republic of China and President Roh Moo-Hyun of the Republic of Korea, agreed to a non-governmental feasibility study on a Korea-China FTA, and expressed their desire to obtain early results yielded by the joint research. The Korea Institute for International Economic Policy and the Development Research Center of the State Council of China conducted a two-year 'Joint Feasibility Study for the Korea-China FTA' from 2005 to 2006. (The rest is omitted.) -
Economic Development in the Russian Far East and Korea
A series of development programs for the Russian Far East (the RFE) has been released by the Russian government since the lately, attracting renewed interest in the international society. On this occasion, Korea Institute for Inte..
Yeo-Cheon Jeong ed. Date 2008.08.05
Economic development, Economic cooperationDownloadContentSummaryA series of development programs for the Russian Far East (the RFE) has been released by the Russian government since the lately, attracting renewed interest in the international society. On this occasion, Korea Institute for International Economic Policy (KIEP) with the support of the Ministry of Foreign Affairs and Trade had organized a two-days seminar titled 'Economic Development in the Russian Far East and Korea' on January 18th and 19th, 2008. This book is the collection of presented papers, of which the authors had refined after the seminar. Editor's preface as well as the discussions on the presentations at the seminar are also added in the book. (The rest is omitted.) -
The Impact of Foreign Direct Investment on Economic Growth: A Case Study of Ireland
This study examines the long-run and the short-run relationships between foreign direct investment and economic growth in Ireland. Using an augmented aggregate production function growth model, we applied the bounds testing approa..
Kyuntae Kim et al. Date 2008.07.25
Industrial policy, Foreign direct investmentDownloadContentExecutive Summary
I. Introduction: Ireland's Economic Performance
II. Literature Review
III. The Empirical Model
1. Theoretical Framework
2. Econometric Methodology
3. Data
IV. Estimation Results
1. Bounds Tests for Cointegration
2. Long-Run Relationship and Short-Run Dynamics
3. Granger Causality
V. Conclusions
ReferencesSummaryThis study examines the long-run and the short-run relationships between foreign direct investment and economic growth in Ireland. Using an augmented aggregate production function growth model, we applied the bounds testing approach to cointegration, which is more appropriate for estimating small sample studies. The data span for the study is from 1975 to 2006. (The rest is omitted.) -
Flexible BBC Exchange Rate System and Exchange Rate Cooperation in East Asia
In order to prevent competitive depreciations, excessive inflows of foreign capital and crisis contagion in the region, cooperation in exchange rate and monetary policy is very desirable, considering the factthat countries in East..
Yen Kyun Wang Date 2008.07.15
Monetary policy, Exchange rateDownloadContentExecutive Summary
I. Introduction
II. Global and East Asian Exchange Rate Systems
III. Fixed and Flexible Exchange Rate Systems
1. Assessment of fixed and flexible exchange rate systems
2. Optimum currency area (OCA)
IV. Korean Exchange Rate System and the Effect of Fluctuations
1. Transitions of Korean Exchange rate policy
2. The effect of exchange rate fluctuations on the economy
V. The Need for Exchange Rate and Monetary Cooperation in East Asia
VI. Exchange Rate Cooperation in East Asia: Flexible BBC System
1. Basket currency system
2. Flexible bands
3. Crawl method
VII. Fixing the Yen/Dollar Exchange Rate within a Band
VIII. Adjustment of Policy Bank Rate
IX. Economic Policy Support for the BBC System
1. The experience of Singapore with the BBC system
2. Sound and consistent policy
3. The introduction of the BBC exchange rate system in Korea
4. Monitoring, mutual surveillance, and resource sharing
X. Conclusion
References
AppendicesSummaryIn order to prevent competitive depreciations, excessive inflows of foreign capital and crisis contagion in the region, cooperation in exchange rate and monetary policy is very desirable, considering the fact
that countries in East Asia have high trade dependence among them and similar trade patterns with each other. (The rest is omitted.) -
DownloadContentPolicy Analyses
Korea's Mid- to Long-Term Economic Strategy
Regional Study Series
Trade and Investment Study Series
Policy References
Working Papers
Journal of International Economic Studies 2007 No. 1
Journal of International Economic Studies 2007 No. 2Summary2007 Summaries of Research Reports -
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Rules of Origin in the Korea-China FTA
The proliferation of Free Trade Agreements (FTAs) in the last decade generates interest in rules of origin which determine whether a product is eligible for preferential tariff treatment. Rules of origin are critical in determinin..
Mee Jin Cho et al. Date 2008.05.23
Barrier to trade, Trade policyDownloadContentSummaryThe proliferation of Free Trade Agreements (FTAs) in the last decade generates interest in rules of origin which determine whether a product is eligible for preferential tariff treatment. Rules of origin are critical in determining the effect of FTAs and therefore they should be carefully negotiated. In this study, we analyse rules of origin in Korea's existing FTAs as well as China's, and attempt to prepare for rules of origin negotiations for a possible Korea-China FTA. (The rest is omitted.)