Korea-CPTPP Trade Volume Reaches $341 Billion… Joining Would Alleviate Supply Chain Risks
4 Articles
4 Articles
The Korea Economic Association and the Korea Institute for International Economic Policy (KIEP) held an international seminar to discuss the importance of joining the CPTPP as a measure to address trade uncertainties. The government plans to accelerate the accession process and gather opinions from stakeholders, while experts emphasized the need to diversify supply chain risks and secure trade norms, citing the high volume of trade with CPTPP me…
(Seoul = Yonhap News) Reporter Hong Kyu-bin = Amid the weakening of the multilateral trading system and the restructuring of global supply chains, Korea [under the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP)...
Amid the weakening of the multilateral trading system and the restructuring of global supply chains, the argument is that Korea must join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) to resolve trade uncertainties.
As the global trade order is rapidly being reshaped from multilateralism to regionalization and fragmentation, suggestions have been made that Korea should actively utilize "selective partnerships" such as the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). In particular, given that 25% of Korea's total merchandise trade is conducted with CPTPP member countries, it is argued that an institutional framework is needed to consolida…
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