What is it about?
This paper examines the costs and benefits of a trilateral FTA among China, Japan, and Korea to the individual member countries as well as the three countries put together, and then recommends that the best way to ultimately realize such a trilateral FTA would be to have a China-Korea FTA first, followed by a Japan-Korea FTA and culminating a trilateral FTA among the three countries - hence the title - A bilateral route to a trilateral FTA.
Featured Image
Why is it important?
Within Asia, China, Japan, and Korea (CJK) occupies a unique position. While China is the emerging economic power, Japan is already and established industrial nation, and in between sits the dynamic Korean economy. Asia's economic integration depends a lot on how these three countries integrate among themselves. A trilateral FTA among the three - an idea that has been there for quite a long time now - is the first step towards their closer economic integration. Hence the importance of the subject.
Perspectives
It is interesting that almost immediately after the paper's publication in September 2013, the first of the bilateral FTAs - that between China and Korea was signed. There has also been faster progress towards the other bilateral FTAs and perhaps the ultimate trilateral FTA. Nothing is more satisfying to a development policy researcher than the actual implementation of the recommendations that his/her research efforts.
Dr srinivasa madhur
Ministry of Economy and Finance
Read the Original
This page is a summary of: China-Japan-Korea FTA: A Dual Track Approach to a Trilateral Agreement, Journal of Economic Integration, September 2013, Center for Economic Integration,
DOI: 10.11130/jei.2013.28.3.375.
You can read the full text:
Contributors
The following have contributed to this page
