The Proliferation of Regional Trade Agreements and Implications for Korea

Abstract

After the WTO system came into effect, the trend of signing new regional trade agreement also lasts. Every county has been positively using regional trade agreements at the strategy level. In order to minimize the loss caused by treading the countries out of the preference trade agreement differently, WTO regulated the level allowed in regional trade agreement. But actually, the way that eliminates the different factors of the countries out of the regional trade agreement through WTO has its limitation. Therefore, it is necessary for Korea to change its position in the direction of insuring the economic substantial results by way of signing regional trade agreement positively.

Keywords

• Regional Trade Agreements
• WTO
• Free Trade Agreement