A Proposal to Lower Non-Tariff Barriers between China-Japan-Korea

4 Pages Posted: 24 Jun 2016

See all articles by Bo Young Choi

Bo Young Choi

Korea Institute for International Economic Policy

Ho-Kyung Bang

Korea Institute for International Economic Policy

Boram Lee

Korea Institute for International Economic Policy

Saebyul Yoo

Korea Institute for International Economic Policy

Date Written: June 21, 2016

Abstract

Under the GATT and WTO regimes, the level of tariff rates has gradually declined while non-tariff measures have become more prevalent worldwide. Among many types of non-tariff measures, the number of TBT and SPS measures implemented increased substantially during the global financial crisis, implying that countries around the world are employing more subtle measures to protect their domestic economy. Harmonizing TBT/SPS related regulations between countries is important in eliminating the unnecessary barriers to trade.

In this aspect, this study focuses on the current status of non-tariff measures, especially on TBT and SPS measures, in China, Japan, and Korea and proposes to utilize the existing Pan-Yellow Sea Rim Economy and Technology Exchange Meeting to discuss (a) harmonization of standards, (b) mutual recognition of conformity assessment, and (c) enhancement of transparency issues to lower the regulatory barriers relevant to TBT and SPS measures.

Keywords: Cooperation Policy, Non-tariff Barriers

Suggested Citation

Choi, Bo Young and Bang, Ho-Kyung and Lee, Boram and Yoo, Saebyul, A Proposal to Lower Non-Tariff Barriers between China-Japan-Korea (June 21, 2016). KIEP Research Paper World Economy Update- No.16-14. Available at SSRN: https://ssrn.com/abstract=2800001 or http://dx.doi.org/10.2139/ssrn.2800001

Bo Young Choi (Contact Author)

Korea Institute for International Economic Policy ( email )

Seoul 137-602

Ho-Kyung Bang

Korea Institute for International Economic Policy ( email )

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

Boram Lee

Korea Institute for International Economic Policy ( email )

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

Saebyul Yoo

Korea Institute for International Economic Policy ( email )

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

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