Korea actively participated bilateral free trade agreement as well as mega-regional trade agreement such as RCEP or TPP - Korea actively participated bilateral free trade agreement as well as mega-regional trade agreement such as RCEP or TPP
- Shifting Korea’s Trade Policy paradigm
- Why?
- To reduce costs associated with the Spaghetti Bowl Effect
- Asia is the most active in Global Supply Chain Management
- Need to help firms to improve efficiency in production
- To counteract the possible trade diversion effect of mega-trading blocs such as EU,NAFTA, MERCOSUR etc.
- To Tone down regional security threats
- Can Korea-Kazakhstan be Partners in the era of FTAs and Mega FTAs?
How Did Korea Achieve it? - How Did Korea Achieve it?
- 7.5% p.a. Economic Growth Rate (1953-2014)
- With a fairer income distribution
- Gini Coefficient: 0.344 (1965) => 0.307 (2012)
- Significant Structural Changes
- From Primary to Industry
- From Light Manufacturing to Capital Intensive and Technology Intensive
- Why?
- Leaders Committed to Economic Growth and Development
- Accountability and transparency in International Economic and Trade Policy
- Competitive Macroeconomic Policy
- Promoting Competition
Rapid economic growth - Rapid economic growth
- Accompanied a Fair Income Distribution: Gini Coefficient
- Significant structural changes
- In Outputs
- Agriculture-Industry-Service
- In exports
- Primary – Manufacturing
- L-intensive-K-intensive-Knowledge-intensive
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - Heavy and Chemical Manufacturing
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - Primary(Agriculture, Forestry & Fishery)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | - Gov’t Entrepreneurial Leadership
- Gov’t Leadership
- & Business Power
- Gov’t Leadership
- & Business Power & People Power
- Kazakhstan and Korea: Now
| | | | | | | | | | | | - Population (million; 2015) (ranking)
| | | | | | | | | - Population Growth Rate (%; 2014)
| | | - Birth Rate (per 1000 popltn) (ranking)
| | | - Fertility Rate(child born per woman) (ranking)
| | | | | | | | | | - oil and oil products, natural gas, ferrous metals, chemicals, machinery
| | | | | | - machinery and equipment, metal products, foodstuff
| - crude oil, petroleum products, semiconductors, coal, steel
| | - Crude Oil: 30 billion barrel (12th)
| | | - Natural Gas: 2.407 trillion m3 (15th)
| | | | | - Internet Users (2014) (ranking)
| | | | | | - Military Expenditure (% of GDP)
- (2012)
| | | - Korea-Kazakhstan Diplomatic Relationship
- January 28, 1992
- Korea-Kazakhstan Trade has expanded rapidly
- US$88 million (1993) to US$1468 million(2014)
- Exports
- US$41million(1993) to US$907 million (2014)
- Imports
- US$ 47 million (1993) to US$ 561 million (2014)
- But still remained below its potential
| | | | | | | | | | | | - Petroleum and Petroleum Products
| | | | | | | | | | | | | | | | | | | | - Non specified Unprocessed meat and vegetables
| | | | | | | | | | - Chemical Products, n.e.s.
| | | | | | | | | | - Textile and Textile Waste
| | | | | - Industrial Machinery and Equipment
| | | | | | | | | | | | | | | | | | | | | | | | | - Communication and Recording Equipment
| | | | | | | | | | - Other Scientific and Control Apparatus and Equipment
| | | | | - Special Industrial Machinery
| | | | | | | | | | - Industrial Machinery and Equipment
| | | | | - Furniture, Bedding, Mattress etc.
| | | | | - Other Food and Food stuffs
| | | - In total , US$ 2.45 billion
- Finance & Insurance (29.1%)
- Construction (17.1%)
- Manufacturing (15.6%)
- Realty and Lease (11.0%)
Economic partnership between Korea and Kazakhstan - Economic partnership between Korea and Kazakhstan
- In trade and FDI: getting stronger but remained less than its potential
- Why?
- Lack of mutual understanding
- Other reasons?
- How?
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