Abstract
This paper aims to explore the impacts of the recent development of Korean free trade agreements (FTAs) on its seaborne trade volumes. The paper firstly estimates the changes in cargo value flows caused by Korea-EU FTA, Korea-USA FTA and Korea-ASEAN FTA using a global computable general equilibrium model named Global Trade Analysis Project (GTAP) and its most recent database - version 7 with 2004 as the base year. Then a set of systematic conversion factors transferring trade value flows to volume flows of different types of commodities is calibrated according to the United Nations COMTRADE database and is used to convert the GTAP trade value flows into volume flows. Having indentified maritime cargo flows by different commodity types, this paper attempts to draw implications for maritime logistics policy in order to facilitate the trade of Korean merchandises and to propose key competitive strategy for the maritime container transport networking and logistics service providers in the Korean logistics industry.
Keywords
Citation
Lee, P.T.-W., Lee, T.-C. and Yang, T.-H. (2013), "Korea-ASEAN Free Trade Agreement: The Implications on Seaborne Trade Volume and Maritime Logistics Policy Development in Korea", Journal of International Logistics and Trade, Vol. 11 No. 1, pp. 3-26. https://doi.org/10.24006/jilt.2013.11.1.3
Publisher
:Emerald Publishing Limited
Copyright © 2013 Jungseok Research Institute of International Logistics and Trade
License
This is an Open-Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/4.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited