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The Necessity of a Korea·Japan·China FTA and Policy Implications

김봉길 1

1도야마대학교

Accredited

ABSTRACT

This study aims to suggest policy implications for a Korea-Japan and China(KJC)FTA and to demonstrate the possibility and the necessity of the KJC FTA, while researching FTA policy and structural characteristics of international trade and division of labor in South Korea, China and Japan. Considering the characteristics of the structure of trade among KJC, If the KJC FTA has been concluded, the expansion of intra-regional investment and inter-industry trade is expected. Therefore, the KJC FTA is also required as a new momentum for the economic development of the three countries, through the development to a network of institutional cooperation from the network of functional cooperation that has been accumulated so far. Additionally, the KJC FTA also is in the need for the formation of institutional economic zone to overcome the geopolitical limitations in East Asia and Northeast Asia. It can be said that the delay of institutional economic integration among Japan, China and South Korea has been the biggest hurdle in the regional economic integration in East Asia and the Northeast area. the KJC FTA also has a significant impact on regional security in East Asia and Asia Pacific region. Especially, while enhancing the possible areas of cooperation in economic terms, we should promote the FTA to overcome the political and diplomatic frictions in South Korea, China and Japan. However, in order to maximize the promotional factors while minimizing obstacles of the KJC FTA, the three countries should promote the construction of close cooperation and consensus for the mutual benefit from medium- and long-term standpoint. And now it is the time for three countries to provide the political leadership in order to build a multi-layered network and roadmap. However, the economic cooperation could be expanded under the mutual trust considering the uniqueness and diversity of each country. Enhanced the mutual interests and the political leadership of each country are also needed to build regional economic zone. Especially, South Korea should play the role of an arbitrator to prevent China and Japan from striving for regional hegemony.

Citation status

* References for papers published after 2022 are currently being built.

This paper was written with support from the National Research Foundation of Korea.