A Possible Free Trade Agreement Between Korea and Russia for Economic Development
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Countries are using PTAs with their trading partner countries as a tool for economic integration between them. Statistic figures represent that Preferentialism continues to accelerate. The Korean government has continued to promote its FTA policy and improved the related laws. Russia expects the cooperation of Northeast Asian countries in developing resources and marine routes in its polar regions. The Northeast Asian strategy of Russia can provide an opportunity for Korea. The Russian government has recently made efforts to develop industrial clusters as a part of its innovative policy. Consequently, Korea’s own experiences establishing industrial clusters can serve as a useful tool for fostering Korea-Russia industrial cooperation. Russia is expected to further increase large-scale development projects in the Far East area. Moreover, the rapid thaw in the North Pole has increased the possibility that the development of the North Pole area will become a key issue in the near future. There is a high expectation for a win-win outcome of the partnership between the two countries. Korea and Russia are having relationship for more than 20 years. There are some agreements between Korea and Russia on developing resources and transportation. The FTA between two partners can be based on these bilateral agreements for the cooperation in specific areas. The Korea-Russia FTA has enough possibilities. The FTA can build better economic relations with a lot of benefits to the parties. The two countries shall use the FTA as a tool to upgrade their existing relationship. In order to achieve this goal, the two countries shall consider that the existing relations on economic development are to be included in the FTA as their upgraded version. The international agreement can be used for the reform of domestic laws on the economy in Russia. Furthermore, the FTA relation will provide huge impact on the political situations in the Korean Peninsula and the Far East area. It can even provide some legal basis for the human right or the development assistance issues.
Abstract
Countries are using PTAs with their trading partner countries as a tool for economic integration between them. Statistic figures represent that Preferentialism continues to accelerate. The Korean government has continued to promote its FTA policy and improved the related laws. Russia expects the cooperation of Northeast Asian countries in developing resources and marine routes in its polar regions. The Northeast Asian strategy of Russia can provide an opportunity for Korea. The Russian government has recently made efforts to develop industrial clusters as a part of its innovative policy. Consequently, Korea’s own experiences establishing industrial clusters can serve as a useful tool for fostering Korea-Russia industrial cooperation. Russia is expected to further increase large-scale development projects in the Far East area. Moreover, the rapid thaw in the North Pole has increased the possibility that the development of the North Pole area will become a key issue in the near future. There is a high expectation for a win-win outcome of the partnership between the two countries. Korea and Russia are having relationship for more than 20 years. There are some agreements between Korea and Russia on developing resources and transportation. The FTA between two partners can be based on these bilateral agreements for the cooperation in specific areas. The Korea-Russia FTA has enough possibilities. The FTA can build better economic relations with a lot of benefits to the parties. The two countries shall use the FTA as a tool to upgrade their existing relationship. In order to achieve this goal, the two countries shall consider that the existing relations on economic development are to be included in the FTA as their upgraded version. The international agreement can be used for the reform of domestic laws on the economy in Russia. Furthermore, the FTA relation will provide huge impact on the political situations in the Korean Peninsula and the Far East area. It can even provide some legal basis for the human right or the development assistance issues.
참고문헌 (19)
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