Policy Analyses
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Policy Analyses
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The New World Trade Order under WTO System
To strengthen the multilateral system, the WTO was founded by the UR agreements and replaced GATT system. As with GATT, WTO is expected to contribute to establishing the international trading system in the future, having legal bin..
Co-authors Date 1994.07.05
Trade policyDownloadContentSummaryTo strengthen the multilateral system, the WTO was founded by the UR agreements and replaced GATT system. As with GATT, WTO is expected to contribute to establishing the international trading system in the future, having legal binding force in dispute settlement procedures and decision-making.
Although there are fears linked to the liberalization of trade in agricultural products and services as well as the strengthening of subsidies regulations, the WTO is expected to have a positive effect on the world market owing to sharp cuts in tariffs and the removal of non-tariff barriers to principal trading partners, enhancing transparency of rules and provisions such as anti-dumping and safeguard.
This study covers agreements on Technical Barriers to Trade (TBT), customs valuation, import licensing procedures, subsidies and countervailing measures, rules of origin and government procurement. In addition, there has have new agreements related to sanitary and phytosanitary measures, trade-related investment measures, pre-shipment inspection, rules of origin and safeguards. -
Current Status and Prospects for Korea-Russian Economic Cooperation
The rapprochement between Korea and the Soviet Union in the late 1980s unveiled the Soviet Union to Koreans for the first time in decades. In fact, trade between the two countries grew quickly, initiated by Korean businessmen who ..
ChangJae Lee Date 1994.07.01
Economic cooperationDownloadContentContents
I. Introduction
II. Current Status of Korea-Russian Economic Cooperation
Trade
Investments
Science and Technology Cooperation
Other Areas of Economic Cooperation
III. Obstacles to Korea-Russian Economic Cooperation
IV. Possibilities and Prospects for Korea-Russian Economic Cooperation
Long-term Possibilities for Korea-Russian Economic Cooperation
Short-term Prospects for Korea-Russian Economic Cooperation
V. Conclusion
References
SummaryThe rapprochement between Korea and the Soviet Union in the late 1980s unveiled the Soviet Union to Koreans for the first time in decades. In fact, trade between the two countries grew quickly, initiated by Korean businessmen who were also very active in searching for investment opportunities in the Soviet Union. Furthermore, in January 1991, Korea pledged to provide the Soviet Union with a US$3 billion economic cooperation fund over a three-year period.
However, the disintegration of the Soviet Union at the end of 1991, as well as political instabilities and economic deterioration of the Russian economy that followed, constituted very serious obstacles to the further development of the economic cooperation between Korea and Russia. In addition, the fact that Russia was unable to service Korean loans made the Korean public very skeptical as to whether economic cooperation with Russia was in Korea's best interest.
How serious is the recent slowdown in Korea-Russian economic cooperation; First, this paper will try to answer this question by reviewing the evolution of economic ties between the two countries, concentrating on their bilateral trade and direct investments. Furthermore, this paper will attempt to find the causes of the recent malaise in bilateral economic cooperation by analyzing the obstacles to it. In the last section of this paper, both long-term possibilities and short-term prospects for Korea-Russian economic cooperation will be discussed.
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A New Direction for Economic Cooperation between Korea and China
The Korea Institute for International Economic Policy co-hosted an international seminar with CITIC on 'A New Direction for Economic Cooperation between Korea and China.' The objective of this seminar was to share views on the pro..
Si-Joong Kim ed. Date 1994.06.25
Economic cooperationDownloadContentSummaryThe Korea Institute for International Economic Policy co-hosted an international seminar with CITIC on 'A New Direction for Economic Cooperation between Korea and China.'
The objective of this seminar was to share views on the progress of economic cooperation between Korea and China and to deliberate on the policy implementations that would effectively promote trade, investment and science technology between the two nations. In addition, it was an attempt to contribute to increase the mutual understanding between the two nations. -
A New Plan for Economic Cooperation between Korea and Japan
This book is a compilation of the papers and comments from the 'Seminar on A New Plan for Economic Cooperation between Korea and Japan' organized by the Korea Institute for International Economic Policy. This seminar discussed a q..
Chon Sok Im ed. Date 1994.06.24
Economic cooperationDownloadContentSummaryThis book is a compilation of the papers and comments from the 'Seminar on A New Plan for Economic Cooperation between Korea and Japan' organized by the Korea Institute for International Economic Policy. This seminar discussed a question pending between Korea and Japan, especially the imbalances of trade and technology transfer, exploring its substantial countermeasures. In addition, it attempted to build a consensus on the necessity of complementarity to advance the two nations' economic cooperation by clarifying the ongoing debates and by suggesting perspectives for those debates. -
Lessons from the Management of Free Investment Areas in Major Countries
June-Dong Kim Date 1994.05.23
Overseas direct investment -
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Internationalization of the Korean Economy
Bak-Soo Kim et al. Date 1994.04.29
Economic development, Economic development
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