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KIEP Opinions

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Evaluation of the Korea-Chile FTA and Its Implications

The Korea-Chile FTA, Korea’s first FTA, has contributed to quantitatively and qualitatively upgrading trade relations between Korea and Chile. First, the FTA not only led to trade expansion but also to the diversification of trading items. Second, the Korea-Chile FTA contributed to expanding exports of SMEs. Latin America is a market that Korean SMEs typically avoid entering, owing to psychological barriers caused by the linguistic and cultural differences and long distance. Under these circumstances, signing an FTA between the two countries has acted on closing the psychological distance. Third, the FTA between Korea and Chile showed a high rate of utilization. A high utilization rate indicates that firms in both countries are actively enjoying preferential tariffs. These rates surpassed the overall average utilization rate of Korea’s preferential import and export tariffs.
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공공누리 OPEN / 공공저작물 자유이용허락 - 출처표시, 상업용금지, 변경금지 공공저작물 자유이용허락 표시기준 (공공누리, KOGL) 제4유형

대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조

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