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Changes in the EC Trade Structure trade structure

Author Chung-Soo Kim Series 91-03 Language Korean Date 1991.04.04

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This paper suggests the political implications for Korea-EC trade policy by analyzing the changes in the EC trade structure.

The composition of this research is as follows. In section II, the current status of the EC, such as the size of economy and the degree of foreign exchange in the world economy, is stressed and the EC's structural vulnerability is indicated. The main trade sectors and international competitiveness of the EC are analyzed in section III by classifying intra-trade and other trade. Section IV deals with characteristics of EC trade composition along with comparisons to those of the EC's 12 member nations. Section V compares a structural difference of the EC with that of the United States, Japan, EFTA and Eastern Europe. Finally, based upon the empirical results, this paper discusses policy implications for Korea-EC economic cooperation.

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