한중일 3국의 기능적 통합과 FTA

Abstract

This paper analyzes the degree of functional integration among Korea, China, and Japan, and discusses its implications for the conclusion of Korea-China-Japan FTA. The followings are summary statements. First, the regional trade dependence of Korea and Japan have increased while that of China has decreased. In other words, by regional trades, Korea and Japan have deepened their functional integration with the Chinese economy but China's functional integration with Korea and Japan has been weakened. Second, Korea's trade intensity with China is greater than that with Japan. It suggests that Korea economically depends on China more than Japan. On the other hand, Japan's trade intensity with Korea is larger than that with China. It suggests that Japan economically depends on Korea more than China. Therefore, from an economic point of view, Japan would be more interested in the FTA with Korea than with China. If Korean government takes an initiative and separates the negotiation process of Korea-Japan FTA from domestic politics, Japanese government is likely to respond positively. The progress of Korea-Japan FTA will provide an important momentum for the early settlement of Korea-China-Japan FTA.