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China-Japan-Korea FTA: A Dual Track Approach to a Trilateral Agreement

Author

Listed:
  • Madhur, Srinivasa

    (Cambodia Development Resource Institute(CDRI))

Abstract

This paper argues that a China-Japan-Korea Free Trade Agreement (CJK FTA) will have large benefits to the three Northeast Asian countries and significant implications for global multilateral trade. However, several hurdles seem to make an expeditious completion of a CJK FTA, or even bilateral FTAs between Japan and China or between Japan and Korea extremely difficult. Thus, a pragmatic approach would be to follow a dual-track approach in which China and Korea fast-track the completion of a bilateral FTA between them and the three countries continue their negotiations for a trilateral FTA on a steady track. Neither of these attempts should, however, deter these countries from joining the larger multilateral deals they are pursuing such as the Regional Comprehensive Economic Partnership (RCEP) or the Transpacific Partnership (TPP).

Suggested Citation

  • Madhur, Srinivasa, 2013. "China-Japan-Korea FTA: A Dual Track Approach to a Trilateral Agreement," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 28, pages 375-392.
    • Handle: RePEc:ris:integr:0605
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    Citations

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    Cited by:

    1. Jacob Wood & Jie Wu & Yilin Li & Jungsuk Kim, 2019. "The Impact of TBT and SPS Measures on Japanese and Korean Exports to China," Sustainability, MDPI, vol. 11(21), pages 1-23, November.
    2. Ma, Wenliang & Zhang, Anming & Zhang, Yahua & Xu, Shiteng, 2021. "The growing influence of low-cost carriers in Northeast Asia and its implications for a regional single aviation market," Journal of Air Transport Management, Elsevier, vol. 91(C).

    More about this item

    Keywords

    Free Trade Agreements; Preferential Trade Agreements; Regionalism; Multilateralism;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration

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