The Economic Integration of China, Taiwan, and Hong Kong: Implications for Korea's Trade Policy

6 Pages Posted: 13 Sep 2013 Last revised: 18 Oct 2013

See all articles by Seung Lee

Seung Lee

Korea Institute for International Economic Policy

Ik Joon Moon

Korea Institute for International Economic Policy

Su Yeon No

Korea Institute for International Economic Policy

Jihyun Jung

Korea Institute for International Economic Policy

Date Written: August 30, 2013

Abstract

The rapid economic development and growth of the People’s Republic of China has accelerated the economic partnership and integration among China, Hong Kong, and Taiwan, giving rise to a new Greater China Economy. Since signing the Closer Economic Partnership Arrangement (CEPA) with Hong Kong in 2003, the Chinese central government has been steadily expanding the scope of economic cooperation through a succession of additional and supplementary arrangements. The bilateral economic partnership between China and Hong Kong will only continue to grow further in the coming years as the Chinese government is favorably inclined toward endowing Hong Kong with special trade privileges and status. Moreover, the growing economic partnership between China and Taiwan, spearheaded by the signing and effectuation of the Economic Cooperation Framework Agreement (EC-FA) between the two countries in the June and September of 2010, respectively, will exert an increasing influence on neighboring countries in Northeast Asia. It is thus high time that we carefully examined and analyzed the implications of the increasing attempts at economic integration in Greater China Economy, especially for the Korean government’s trade policy vis-à-vis China, Taiwan and Hong Kong.

Keywords: Greater China Economy, CEPA, ECFA

Suggested Citation

Lee, Seung and Moon, Ik Joon and No, Su Yeon and Jung, Jihyun, The Economic Integration of China, Taiwan, and Hong Kong: Implications for Korea's Trade Policy (August 30, 2013). KIEP Research Paper NO. World Economy Paper-13-39. Available at SSRN: https://ssrn.com/abstract=2321030 or http://dx.doi.org/10.2139/ssrn.2321030

Seung Lee (Contact Author)

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Ik Joon Moon

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Su Yeon No

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Jihyun Jung

Korea Institute for International Economic Policy ( email )

[30147] Building C, Sejong National Research Compl
Seoul, 370
Korea, Republic of (South Korea)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
76
Abstract Views
588
rank
330,210
PlumX Metrics