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한 · 멕시코간의 경제협력관계에 관한 연구

A Study on Economic Cooperation between Korea and Mexico

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Purpose - The economic ties between Korea and Mexico have grown over the years. The purpose of this study is to analyze Korea’s trade relations centered on the Mexico, a major partner in Latin America, and identify its problems and suggest measures that can be taken by the government and corporations to reinforce economic cooperation. Design/methodology/approach - To improve the level of contribution of the study, an empirical analysis is necessary. However, due to limited data access, the study will approach the topic of trade relations between Korea and the Mexico with various statistics and literature. Findings - First, there is an urgent need for changes in import-export goods between Korea and Mexico, as trade is focused on specific items. Second, although foreign direct investment from Korea to Mexico is centered in manufacturing and mining industries, there should be different investment strategies by local. Third, it is necessary to reinforce commercial cooperation. Korea currently has Free Trade Agreements with Chile, Peru, and Columbia, but not with Mexico.Therefore, Korea must take active measures to sign an FTA with Mexico, which has been put on hold. Research implications or Originality - It is clear that the international trade between Korea and Mexico has strengthened over time and both countries are now close trading partners with still much potential or room to grow. Korea and Mexico have engaged in talks to negotiate an FTA, However, negotiations have not been successful. By investigating Mexico and its prospects and analyzing the trade relations with Korea, this study will provide strategic measures for corporations that wish to enter the Latin American market.

Abstract

Purpose - The economic ties between Korea and Mexico have grown over the years. The purpose of this study is to analyze Korea’s trade relations centered on the Mexico, a major partner in Latin America, and identify its problems and suggest measures that can be taken by the government and corporations to reinforce economic cooperation. Design/methodology/approach - To improve the level of contribution of the study, an empirical analysis is necessary. However, due to limited data access, the study will approach the topic of trade relations between Korea and the Mexico with various statistics and literature. Findings - First, there is an urgent need for changes in import-export goods between Korea and Mexico, as trade is focused on specific items. Second, although foreign direct investment from Korea to Mexico is centered in manufacturing and mining industries, there should be different investment strategies by local. Third, it is necessary to reinforce commercial cooperation. Korea currently has Free Trade Agreements with Chile, Peru, and Columbia, but not with Mexico.Therefore, Korea must take active measures to sign an FTA with Mexico, which has been put on hold. Research implications or Originality - It is clear that the international trade between Korea and Mexico has strengthened over time and both countries are now close trading partners with still much potential or room to grow. Korea and Mexico have engaged in talks to negotiate an FTA, However, negotiations have not been successful. By investigating Mexico and its prospects and analyzing the trade relations with Korea, this study will provide strategic measures for corporations that wish to enter the Latin American market.

참고문헌 (20)

  1. Caliendo, L., "Estimates of The Trade and Welfare Effects of NAFTA", Review of Economic Studies, 82, pp.1~ (2015)
  2. Cheong, In-Kyo, "Estimating Economic Effects of a Korea-Mexico FTA", Korea and The World Economy, 14, pp.29~ (2005)
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  5. Hyun, Oh-Seok, "Korea-Mexico Economic Relationship and FTA", Journal of International Logistics and Trade, 1(2), pp.151~ (2004)
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  10. Lopez, D., "China’s Trade Policy towards Latin America: An Analysis of Free Trade Agreements Policy", Asian Education and Development Studies, 10(3), pp.403~ (2021)
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  13. Luis, Q. R., "Trade Complementarity and The Balance of Payments Constraint Hypothesis: A New Free Trade Agreement between Mexico and South Korea", Mathematics, 8(10), pp.3~ (2020)
  14. Ministry of Trade, Industry and Energy, "Trade Remedies against Korea: Trends and Response", Trade Law and Policy Review, 1, pp.184~ (2021)
  15. Pastor, M., "The Origins and Sustainability of Mexico’s Free Trade Policy", International Organization, 48(3), pp.489~ (1994)
  16. Roh, Jae-Whak, "The Economic Effects of FTA’s with South American Countries and its Indirect Effects to Present American FTA Partners : Using The CGE Approach", Journal of International Trade & Commerce, 11(6), pp.188~ (2015)
  17. Schwartzman, k. c., "Mexico’s Fate Amid U.S.-China Competition", Class, Race and Corporate Power, 9(1), pp.7~ (2021)
  18. 2024 World Investment Report, "United National Conference on Trade and Development", ~ (2024)
  19. Yoon, Jon-Mo, "A Study on The Trade Activation between Korea and Mexico: Mexico Industry and Investment Trends", Asia-Pacific Journal of Convergent Services with Art, Humanities, and Sociology, 9(4), pp.799~ (2019)
  20. Yoshimoto Koji, "An Exploratory Study on The Entry into The Latin American Market of Automotive Industry: Focus on Comparison of Korea:Japan Automobile Companies", Journal of Product Research, 37(6), pp.7~ (2019)

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