EU-Korea trade relations in the context of global disruption: political and legal perspectives.

Trade has long been the foundation of relations between the Republic of Korea and the European Union, and the conclusion of a comprehensive free trade agreement between the two sides in 2011 was both a recognition of the value of economic exchange and a catalyst for deeper cooperation in subsequent...

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Publicado en:Asia Europe Journal Vol. 21; no. 4; pp. 527 - 545
Autores principales: Christiansen, Thomas, Kim, Bongchul
Formato: Artículo
Publicado: Springer Nature Dec2023
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: EU-Korea trade relations in the context of global disruption: political and legal perspectives.
      aug:
        au:
          Christiansen, Thomas
          Kim, Bongchul
        affil:
          https://ror.org/01q8b6q23 Luiss University, Rome, Italy
          https://ror.org/051q2m369 Hankuk University of Foreign Studies, Seoul, Republic of Korea
      su:
        South Korea
        European Union
        International cooperation
        International trade
        Labor theory of value
        Free trade
        Economic conditions in China
      sug:
        subj:
          International cooperation
          International trade
          Labor theory of value
          South Korea
          European Union
          International Trade Financing
          Free trade
          Economic conditions in China
      ab: Trade has long been the foundation of relations between the Republic of Korea and the European Union, and the conclusion of a comprehensive free trade agreement between the two sides in 2011 was both a recognition of the value of economic exchange and a catalyst for deeper cooperation in subsequent years. This paper discusses in some detail the governance of trade relations and other aspects of economic cooperation between Korea and the European Union, highlighting the multilayered nature and the expanding scope of legal ties between the two sides. The positive bilateral cooperation occurs however against the background of a changing and increasingly challenging global context. The failure of the Doha Round, the limitations of the World Trade Organization, and the growing concerns about de-coupling between the USA and China are all developments that complicate efforts towards trade liberalization and indeed threaten to disrupt global trade significantly. These adverse trends contain particular risks for Korea and the EU, both close allies of the USA and also both economies that are deeply integrated with the Chinese economy. Managing Korea-EU trade relations is therefore becoming both more complicated but also more important, and in conclusion, the paper provides an outlook on these future challenges.
      pubtype: Academic Journal
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    language: English
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