An Assessment of the Korea-China Free Trade Agreement

December 1, 2015

Of all the free trade agreements (FTAs) concluded by Korea with its major trading partners since the turn of the century, the Korea-China FTA may the largest in trade terms. it is, however, far from the best in terms of the depth of liberalization and the scope of obligations on trade and investment policies. Korea and China agreed to liberalize a large share of bilateral trade within 20 years, but both sides incorporated extensive exceptions to basic tariff reforms and deferred important market access negotiations on services and investment for several years.

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Topics: AGRICULTURE FOREIGN DIRECT INVESTMENT (FDI) SERVICES LABOR ENVIRONMENT MARKET ACCESS RULES OF ORIGIN (ROO) INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) INTELLECTUAL PROPERTY RIGHTS (IPR)

Agreements: CHINA-KOREA FTA

Regions: CHINA KOREA, REP. ASIA-PACIFIC

Authors: JEFFREY J. SCHOTT CATHLEEN CIMINO-ISAACS EUIJIN JUNG

Publishing Institution: PETERSON INSTITUTE FOR INTERNATIONAL ECONOMICS

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