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Studies on Trade Barriers of Developed Countries: Trade Barriers of the European Community
trade dispute
Author Chung Ki Min Series 92-14 Language Korean Date 1992.07.17
The European Community (EC), which liberalized from 1985 to 1992, is preparing to become the largest single international market. If the EC intra-market is liberalized, other countries, including Korea, will make profit. However, there is expected to be fierce competition between countries that are part of the EC and the rest of the world, as the EC integration will benefit member countries before transferring profits to other regions. Non-member countries have argued that EC integration may encourage Europe to fortify and to increase protection, so they have sought strategic ways to advance into the EC market. However, Korea has only taken basic countermeasures toward EC market integration.
Accordingly, this study analyzes trade barriers of the European Community and makes some policy recommendations to take countermeasures for the Korean economy.
Accordingly, this study analyzes trade barriers of the European Community and makes some policy recommendations to take countermeasures for the Korean economy.
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