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Movement of Mega-FTA in the East Asia Region and Reestablishment of Relations Between Korea and Japan

김봉길 1

1도야마대학교

Accredited

ABSTRACT

This study examines structural characteristics of international trade and the division of labor in East Asia region to suggest policy implications for new cooperative relationships between Korea and Japan in conjunction with movements towards creating a mega FTA in the East Asia region. In situation when the formation of new trade rules in the East Asia region proceeds at full speed towards the mega-FTA, it is a main issue how Korea and Japan build close relationships with respect to TPP and RCEP. Korea and Japan should deepen the understanding of the ongoing structural changes in the new trade regime, so that both countries could play an important role in its formation process. In addition, Korea and Japan should seek for a new way to build up close cooperative relationships, and establish a strategy for this purpose. Due to the close inter-connection in the East Asia region through the intra-regional production network and the supply chains, Japan and Korea should utilize their geopolitical superiority for integrating RCEP and TPP. To achieve that goal, Korea should participate in TPP and build up a close cooperation relationship with Japan. In particular, due to the strategic importance of TPP and RCEP for establishing the new international trade rule in the world, we will know how the strategic alliance of Korea and Japan could pull the integration of TPP and RCEP. As for the Mega-FTA, because it has a significant impact on regional security in the East Asia region, Korea and Japan must make a political decision to rebuild the cooperation system between them. To achieve this goal in the future, Korea and Japan should make more effort for improving their relationships, and it will be very important to find a way to take advantage of the multilateral cooperation framework.

Citation status

* References for papers published after 2023 are currently being built.

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