Chapter 8 Free Trade Agreement Among China, Japan, and Korea

Abstract

China, Japan, and South Korea have been discussing and investigating, through communiqués and their governmental research institutes, the feasibility of a free trade agreement (FTA) among them. Separately, Japan and Korea have announced that they will finalize an FTA by the end of 2005. A China and Korea FTA may follow. For all three countries, and for Korea particularly, a tripartite FTA, termed here FEAFTA (Far Eastern Asia Free Trade Agreement), will be the best arrangement to truly reduce trade barriers in all sectors including agricultural industry. Statistical analysis shows that trade and gross domestic product (GDP) (particularly for Korea) will increase substantially. The trade talk background, trade negotiations, trade issues, and the impacts of such an FEAFTA are discussed.

Citation

Kang, H. (2006), "Chapter 8 Free Trade Agreement Among China, Japan, and Korea", Fratianni, M. (Ed.) Regional Economic Integration (Research in Global Strategic Management, Vol. 12), Emerald Group Publishing Limited, Leeds, pp. 151-165. https://doi.org/10.1016/S1064-4857(06)12008-2