IDEAS home Printed from https://ideas.repec.org/p/ris/kiepwe/2018_029.html
   My bibliography  Save this paper

Main Characteristics of Bilateral Trade between Iran and South Korea: Focusing on Trade Diversification

Author

Listed:
  • Zamani, Zahra

    (University of Isfahan, Isfahan, Iran)

Abstract

Although bilateral trade between Iran and South Korea reached a maximum of more than 12 billion USD in 2017, the withdrawal of the US from the Iran nuclear deal on May 2018 and its new plans for re-imposing sanctions on Iran may affect Iran-Korea bilateral trade. This demonstrates how Irans trade relations are somehow fragile against sanction, and due to this fact, the expansion of non-oil exports can be considered as a major goal of Irans development plans in trade and business. In this regard, it is essential to identify prospective areas to enhance non-oil exports and diversify trade between Iran and its trading partners like South Korea. Hence, this paper explores the main characteristics of bilateral trade between Iran and South Korea with a special focus on trade diversification. The implication of this study is that lifting embargos is not as important as addressing the technology gap when it comes to diversifying Iran-Korea trade relations. A policy of deep cooperation in investment and technology transfer is recommended in this respect. This paper specifically suggests to develop a deep level of cooperation in the two countries SME activities in order to reduce the existing technology gap and promote trade diversification.

Suggested Citation

  • Zamani, Zahra, 2018. "Main Characteristics of Bilateral Trade between Iran and South Korea: Focusing on Trade Diversification," World Economy Brief 18-29, Korea Institute for International Economic Policy.
    • Handle: RePEc:ris:kiepwe:2018_029
    as

    Download full text from publisher

    File URL: https://www.kiep.go.kr/gallery.es?mid=a10105040000&bid=0007&list_no=5052&act=view&act=view&list_no=5052&cg_code=
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Bilateral Trade; Iran;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kiepwe:2018_029. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Geun Hye Son (email available below). General contact details of provider: https://edirc.repec.org/data/kieppkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.