An Analysis of Trade Liberalization in Services: A Korea-ASEAN FTA

Park, Soonchan; Kang, Moonsung

doi:10.11644/kiep.jeai.2005.9.1.139

Cited by 4 publications

(3 citation statements)

References 1 publication

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“…This cooperation has a legal basis in the form of a Joint Declaration on Comprehensive Cooperation Partnership between ASEAN and Korea, establishing the ASEAN-Korea Free Trade Area which was agreed upon in 2004. AKFTA has become a comprehensive FTA agreement with the signing of agreements in the field of trade in goods, trade in services, and investment (Soon-Chan & Moonsung, 2005). Currently, ASEAN and Korea are discussing implementation issues in the AKFTA scheme, and efforts to increase cooperation in the ECOTECH field (Lee & Bong-Seok, 2020).…”

Section: Asean and The Republic Of Korea (Rok) Cooperationmentioning

confidence: 99%

The Role of ASEAN and Korean Youth for Future-Oriented Partnership: Sustainable Innovation on Making “Food Waste Bite-Size Snacks”

2023

Nusantara Science and Technology Proceedings

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Food waste is often considered garbage without further processing. This way of thinking eventually leads to waste in the form of food waste that accumulates. The existence of this issue requires contributions from various parties, including state or non-state actors, including the role of youth as future state leaders. Through gastro-diplomacy, the participation of state and non-state actors in overcoming this issue will result in significant solutions. One solution that could be done by the contribution of the state and youth is to reuse leftover food into food or snacks that have a high-selling value. If this initiative can be carried out massively in ASEAN countries and Korea, the accumulation of waste or the percentage of food waste will drastically decrease. In addition, food from leftovers can be traded and will improve people's living standards. Food from leftovers can be used as a diplomatic tool between ASEAN countries and Korea in overcoming the issue of food waste. In this paper, it will be ex-plained further regarding how the role or contribution of the state and youth community can go hand in hand and can achieve the same goal, namely reducing food waste and turning it into ready to sell snacks.

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Section: Asean and The Republic Of Korea (Rok) Cooperationmentioning

confidence: 99%

The Role of ASEAN and Korean Youth for Future-Oriented Partnership: Sustainable Innovation on Making “Food Waste Bite-Size Snacks”

2023

Nusantara Science and Technology Proceedings

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“…In general, to evaluate the effectiveness of policy decisions to participate in RTA networks, the trade effects of RTAs should be estimated before and after the implementation. Quite a few studies have been conducted by applying the computable general equilibrium (CGE) model analysis and predicted significantly positive gains from freer trade between Korea and the ASEAN countries (Kim, 2015; Nugraheni and Tri, 2018; Park and Kang, 2005; Park et al, 2012; Tongzon and Cheong, 2016). In contrast to the existing ex-ante CGE model analysis anticipating the positive trade creation effects of the AKFTA, however, the ex-post empirical analysis assessing the trade effects by separately measuring trade creation and diversion effect of the AKFTA has been rarely and partially conducted.…”

Section: Introductionmentioning

confidence: 99%

“…Ishido (2015) analyzed the impact of ASEAN-related FTAs on mode 3 (commercial presence)-based trade in services in general not specific for the AKFTA. CGE model analysis by Park and Kang (2005) and Tongzon and Cheong (2016) are earlier empirical experiments that predict but do not assess the impact of the AKFTA on trade in services.…”

Section: Introductionmentioning

confidence: 99%

An ex-post analysis of trade effects of the ASEAN–Korea Free Trade Area (AKFTA) from Korea’s Perspective

Lee

Park

2021

International Area Studies Review

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This paper empirically analyzes the effectiveness of the ASEAN–Korea Free Trade Area (AKFTA) focusing on the ex-post trade creation and diversion effects with controlling related intra-bloc and extra-bloc regional trade agreements (RTAs) and economic characteristics of interconnected economies. The quantitative analysis applies a gravity model regression analysis by specifying standard pooled ordinary least squares and fixed effects regression models. We observe that the AKFTA turned out to be more favorable for Korea in terms of trade balance with ASEAN. We find that the AKFTA is a desirable trade creating RTA strongly driven by intra-bloc export activities between members and does not divert but generates more export to and import from non-members. Thus, we strongly support that the AKFTA facilitates trade between intra-bloc members and their trade with extra-bloc non-members as well. Besides which, we find that the trade creation effects of the AKFTA are industry-specific and sector-specific. For the manufacturing industry, the trade creation effects of the AKFTA are generated by both intra-bloc and extra-bloc import activity but not from extra-bloc export activity. However, for the services industry, all the intra-bloc and extra-bloc export and import activities contribute to the trade creation effects. Interestingly, we find that the trade creation effects of the manufacturing industry are smaller than those of the services industry. Considering restrictive service schedules of specific commitments in the AKFTA agreement on trade-in services compared to trade-in goods provisions, rearranging the trade-in services provisions is necessary to generate more trade gains in the future.

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Middle power and power asymmetry: how South Korea’s free trade agreement strategy with ASEAN changed under the New Southern Policy

Lee

2022

Contemporary Politics

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An Analysis of Trade Liberalization in Services: A Korea-ASEAN FTA

Cited by 4 publications

References 1 publication

The Role of ASEAN and Korean Youth for Future-Oriented Partnership: Sustainable Innovation on Making “Food Waste Bite-Size Snacks”

The Role of ASEAN and Korean Youth for Future-Oriented Partnership: Sustainable Innovation on Making “Food Waste Bite-Size Snacks”

An ex-post analysis of trade effects of the ASEAN–Korea Free Trade Area (AKFTA) from Korea’s Perspective

Middle power and power asymmetry: how South Korea’s free trade agreement strategy with ASEAN changed under the New Southern Policy

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