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@article{ART002927150},
author={Kim, Yoomi},
title={Economic Impacts of a Possible South Korea-Malaysia FTA on Trade},
journal={SUVANNABHUMI},
issn={2092-738X},
year={2023},
volume={15},
number={1},
pages={255-275},
doi={10.22801/svn.2023.15.1.255}

TY - JOUR
AU - Kim, Yoomi
TI - Economic Impacts of a Possible South Korea-Malaysia FTA on Trade
JO - SUVANNABHUMI
PY - 2023
VL - 15
IS - 1
PB - Korea Institute for ASEAN Studies
SP - 255
EP - 275
SN - 2092-738X
AB - Trade between South Korea and Malaysia has been steadily increasing since the conclusion of the multilateral Free Trade Agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and South Korea. Bilateral FTAs such as Singapore-South Korea, Vietnam-South Korea, and Indonesia-South Korea came into effect to enhance the economic cooperation between South Korea and major ASEAN countries. However, the bilateral FTA between South Korea and Malaysia, known as Republic of Korea-Malaysia FTA, is still under negotiation. Therefore, this study aims to analyze the economic impact of a possible FTA between these two countries. To examine the economic effects of bilateral FTAs, this study analyzes the trade structure and change in the value of trade between Malaysia and South Korea using panel data analysis. Two significant findings were identified by the analysis. First, the Republic of Korea-Malaysia FTA is expected to promote trade and have a positive effect on the Gross Domestic Product (GDP) of South Korea. Second, the result of the calculated price elasticity based on substituting figures such as tariff, demand elasticity, and export value is that the value of manufacturing exports is expected to considerably get an increase. Therefore, an early FTA between South Korea and Malaysia would be beneficial for both national economies.
KW - FTA;Korea;Malaysia;Economic Impact
DO - 10.22801/svn.2023.15.1.255
ER -

Kim, Yoomi. (2023). Economic Impacts of a Possible South Korea-Malaysia FTA on Trade. SUVANNABHUMI, 15(1), 255-275.

Kim, Yoomi. 2023, "Economic Impacts of a Possible South Korea-Malaysia FTA on Trade", SUVANNABHUMI, vol.15, no.1 pp.255-275. Available from: doi:10.22801/svn.2023.15.1.255

Kim, Yoomi "Economic Impacts of a Possible South Korea-Malaysia FTA on Trade" SUVANNABHUMI 15.1 pp.255-275 (2023) : 255.

Kim, Yoomi. Economic Impacts of a Possible South Korea-Malaysia FTA on Trade. 2023; 15(1), 255-275. Available from: doi:10.22801/svn.2023.15.1.255

Kim, Yoomi. "Economic Impacts of a Possible South Korea-Malaysia FTA on Trade" SUVANNABHUMI 15, no.1 (2023) : 255-275.doi: 10.22801/svn.2023.15.1.255

Kim, Yoomi. Economic Impacts of a Possible South Korea-Malaysia FTA on Trade. SUVANNABHUMI, 15(1), 255-275. doi: 10.22801/svn.2023.15.1.255

Kim, Yoomi. Economic Impacts of a Possible South Korea-Malaysia FTA on Trade. SUVANNABHUMI. 2023; 15(1) 255-275. doi: 10.22801/svn.2023.15.1.255

Kim, Yoomi. Economic Impacts of a Possible South Korea-Malaysia FTA on Trade. 2023; 15(1), 255-275. Available from: doi:10.22801/svn.2023.15.1.255

Kim, Yoomi. "Economic Impacts of a Possible South Korea-Malaysia FTA on Trade" SUVANNABHUMI 15, no.1 (2023) : 255-275.doi: 10.22801/svn.2023.15.1.255