The Global Trade Environment in the Biden Era and Response Strategies for Korea
KDI FOCUS No. 104(eng)
11 Pages Posted: 24 Feb 2021
Date Written: January 19, 2021
Many expect that the trade war between the US and China will persist, and East Asia’s global value chains will undergo a significant transformation in the mid- to long-term, as China’s contracts while that of ASEAN expands. Accordingly, to effec-tively respond to the coming changes, Korea should adopt proactive strategies to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and attract quality FDI in an effort to realize sustainable growth.
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