제목: The impact of the UK?Korea?Japan FTA on the GDP, exports, welfare, and trade creation and diversion of the UK, Korea, Japan, and China

저자: 이재득

요약

The trilateral UK?Korea?Japan Free Trade Agreement (FTA) will increase the three countries’ gross domestic product (GDP) and exports in most manufactured product sectors, its substitution effects will reduce the volume of exports in most manufactured goods from China and the 27 European Union (EU) countries to the UK, Korea, and Japan. The trilateral FTA also results in large welfare gains to the three countries, and will lead the UK and Korea to have larger trade creation effects on imports from Japan. Similarly, Japan will also have larger trade creation effects on imports from the UK and Korea. However, Japan’s imports are expected to decline in China and the 27 EU countries due to the trade diversion effects.