한·중 FTA의 경제적 효과 및 대응방안에 관한 연구

Abstract

ABSTRACT

A Study on the Economic Effects and Counterplan of FTA between Korea and China

Ding Wenling Advisor : Prof. Park Ro-Kyung Ph.D. Department of International Trade Graduate School of Chosun University

In 2014, China and South Korea has celebrated the 22nd anniversary of the diplomatic relations. China and Korea ,in the past 22 years, has established the rapid development of all the fields of politics, economy, society, culture and so on. In 1979, after the reform and opening up, China's small and medium-sized trade began to recover. In twentieth Century, officially established diplomatic relations in the case of 80 times has not yet started. The scale of trade has increased. As the two countries established diplomatic relations, institutional, physical environment, the economic exchanges greatly improved. Since the establishment of diplomatic relations after 22 years later, now the economic exchanges between the two countries is very large, therefore, the economies of the two countries formed the interdependence between high level. Especially, after China entered into WTO in 2001, Chinese government takes a more positive attitude to promote FTA. In 2005, Chinese government proposed "actively participate in regional economic integration strategy". According to this strategy China has signed FTA with ASEAN, Chile, New Zealand, Singapore, Peru ect. China-Korea FTA "business·government·academics" joint research started from 2007. At last, in November 2014, FTA was signed between two presidents. China-Korea FTA is the cooperation between the two countries on the basis of close economic cooperation of Northeast Asia, and the formation is to promote the international division of labor structure closely and substantial economic integration. At the same time, part of a long-term system integration and justice of the East Asian economic community is pursued. In addition, China-Korea FTA to comprehensively promote the strategic partnership of cooperation is to promote the cooperation in perspective. From this point of view, FTA between two countries has evoked the very high interest and echo to the world countries. Through China-Korea FTA, the abolition of trade barriers will improve the trade environment and business environment. And also it ensures the economic growth, direct investment and economic effect of safety with increasing export markets in the region. China's high economic growth and the mass market will induce the Korea's high economic growth. The counterplan to the China and Korea for the FTA is as follow. China's counterplan by government and companies should be focused on the automotive, steel, and textile industries. First, China should introduce the aggressive and differentiated FDI policy according to the individual country differently, especially, for Korea, the entry strategy after absorbing the high level technology to the Korea market should be considered. Second, in the field of steel industry, the previous products which has already shown the high market share in Korea should be expanded. and also, cooperation relationship between two countries with the stable supply chain system should be established. Third, to enhance the competitive position, China's textile industry should focus on the industrial textile which will be expected to the rapid increase. That is to say, technology intensive textile industry instead of labour intensive industry are strongly recommended. Korea's counterplan should be focused on the agriculture, manufacturing, and service industries. First, in the field of agricultural industry, Korea should introduce the technology intensive gardening and fruit tree business instead of labour intensive rice farming. Second, Korea's manufacturing industry should consider the restructuring the industry which will not be competitive compared to the China's same industry. Therefore, the securing policy of source and core technologies by adopting the R&D investment expansion, high valued products, new production mechanism and training of high leveled labour force should be introduced. Third, Korean government and companies should understand that the service trade liberalization will induce the two countries' competition power of service field. Therefore, to enhance the efficiency and widen the service level and depth, Korea and China should introduce the aggressive service liberalization.