■ Korea's trade surplus for this year was forecasted to range between US$20.4 and US$27.7 billion. However, export growth in the first quarter has reached only 17.4% of what was expected from the devaluation of the Korean Won. Korea's terms of trade have deteriorated by 35% as well. The trade surplus reflects a sharp drop in imports of raw materials and capital goods, engendering the possibility of a collapse of the Korean economy's production base. Therefore, the government needs to implement appropriate export support measures as well as import incentives for raw materials if the Korean economy is to emerge from the current financial crisis.

■ The expansion of commercial banks' purchases of D/A export bills is essential for expediting exports. For this reason, it is important for the government to negotiate with the IMF so that the Bank of Korea can use some of its excessive foreign reserves to facilitate exports. In addition, to resolve the shortage of raw material imports caused by a lack of foreign currency reserves, active application of a foreign export insurance system, which is widely used by U.S. and Japanese export-import banks in support of their exports, is needed.

■ As exports surge into the U.S. and the EU following the East Asian financial crisis, the likelihood of trade friction in these markets is mounting. As a preemptive strategy to avoid possible trade disputes, the Korean government can consider a trade-off: Korea can expand exports today to the U.S. and EU markets in exchange for Korea's committment to open major markets tomorrow. It is also necessary to enhance transparency and objectivity of decision criteria whenever bankruptcy laws, assistance loans and related financial decisions are made. This will prevent the IMF, the World Bank and other interested parties from misunderstanding Korea's use of IMF bail-out money.

■ To effectively carry out the WTO's New Round negotiations, the government should adopt tariff reductions for manufactured goods and so-called new trade issues (investment, competition policy, environment, electronic commerce, etc.), thereby offsetting Korea's weak negotiating position in agriculture and services. In addition, Korea needs to utilize an indirect export support system and an industrial injury remedy system that should be implemented transparently and in compliance with WTO rules and provisions.

序 言

國文(영문)要約

기조연설 : WTO와 新政府 通商政策 方向
韓悳洙 외교통상부 통상교섭본부장

제 1 주제 : 對外貿易環境과 輸出支援方案

주제발표
1. 東아시아 金融危機의 波及效果와 우리나라의 輸出政策課題
鄭仁敎 대외경제정책연구원 책임연구원
孫讚鉉 대외경제정책연구원 연구위원
2. 輸出支援方案: 國際的 事例와 우리의 戰略
金尙謙 대외경제정책연구원 연구위원
盧相旭 대외경제정책연구원 책임연구원

지정토론
鄭淳元 현대경제연구원 전무
趙昇濟 한국무역협회 이사
崔俊濚 산업자원부 무역정책과장
河龍二 한국은행 자금부 부부장

제 2주제 : 通商政策課題와 對應方案

주제발표
1. 通商政策次元에서의 輸出擴大 위협요인: 현안과 대응방안
宋有哲, 梁俊晳 대외경제정책연구원 책임연구원
2. WTO 體制의 定着과 活用方案
蔡 旭 대외경제정책연구원 연구위원

지정토론
金斗植 세종법률사무소 변호사
朴魯馨 고려대학교 교수
吳甲元 재정경제부 경제협력총괄과장
鄭鎬源 KOTRA 국제경제부장

부 록 : 세미나 일정표