자유무역협정(FTA)의 금융서비스 규정 및 협상 동향 연구: 건전성 조치 조항을 중심으로(Study on Financial Services Regulations and Negotiation Trends of Free Trade Agreement (FTA): Focused on the Provision of Prudential Measures)

140 Pages Posted: 17 Nov 2017

See all articles by Jun-Hyun Eom

Jun-Hyun Eom

Korea Institute for International Economic Policy

Date Written: October 13, 2017

Abstract

Korean Abstract: 금융서비스 산업은 그 자체가 하나의 중요한 산업일 뿐만 아니라 다른 산업의 성장을 촉진한다는 점에서 국가경제에 특별한 의의를 갖는다. 또한 좋은 일자리를 많이 제공하는 고부가가치 산업이기도 하다. 금융서비스 공급의 안정성에 문제가 발생하면 상품 또는 다른 서비스 공급은 물론 국가경제 전체에도 부정적 파급효과가 있을 수 있다. 때문에 자유무역협정(FTA)에서도 금융서비스 분야의 서비스무역을 자유화하기 위한 노력과 동시에, 금융건전성을 보장하기 위한 조치의 필요성에도 공감대가 형성되었다. 이에 본 연구는 우리나라 FTA의 금융서비스 규정과 주요국 FTA의 협상 동향을 살펴보고, 특히 건전성 조치 조항을 비교 분석하고 관련분쟁 사례를 검토함으로써 우리나라가 FTA 정책을 추진하는 과정에 참고가 될 시사점을 도출했다.

English Abstract: This study aims to draw some implications for Korea to develop its FTA policy, by reviewing the financial services regulations of Korea’s Free Trade Agreements (FTAs) and compare them with other major countries’ so-called ‘Best’ FTAs.

In the second chapter, the study overviews the financial services regulations of Korea’s and major countries’ FTAs. In the third chapter, the study analyzed the provisions on prudential measures of Korea’s and major countries’ FTAs. In the fourth chapter, the study reviewed relevant dispute settlement cases. In the fourth chapter, the study reviewed relevant dispute settlement cases. As a conclusion, from these findings this study draws some implications for Korea to develope its FTA policy. First, there is a possibility that room for the financial authority to take prudential measures might be narrowed by incorporating the investment chapters and its articles on investor-state disputes system (ISDS), and the domestic regulation chapters without limiting the extent incorporated. Such attempts are observed in the CETA. Other newly added parts in the TPP and the CETA identified in this study need to be further scrutinized for Korea’s amendment negotiates with the countries which are the parties to those FTAs. Second, Korea should review the financial service regulations of its FTAs to make some necessary amendments. Particularly, it will be good if the lessons of the WTO case are reflected into Korea’s FTAs.

Keywords: FTA, TPP, CETA, ISDS

Suggested Citation

Eom, Jun-Hyun, 자유무역협정(FTA)의 금융서비스 규정 및 협상 동향 연구: 건전성 조치 조항을 중심으로(Study on Financial Services Regulations and Negotiation Trends of Free Trade Agreement (FTA): Focused on the Provision of Prudential Measures) (October 13, 2017). KIEP Research Paper No. Policy References 17-07 . Available at SSRN: https://ssrn.com/abstract=3071480 or http://dx.doi.org/10.2139/ssrn.3071480

Jun-Hyun Eom (Contact Author)

Korea Institute for International Economic Policy ( email )

Seoul 137-602

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