An Assessment of the Korea-China Free Trade Agreement


December 11, 2015, 12:00 AM EST
Peterson Institute for International Economics, Washington, DC

Event Summary

PIIE Senior Fellow Jeffrey J. Schott presented a new PIIE Policy Brief, An Assessment of the Korea-China Free Trade Agreement, at a release meeting on December 11, 2015, followed by a discussion with his coauthors Euijin Jung and Cathleen Cimino-Isaacs. The Policy Brief assesses the main results of the agreement and its implications for economic integration in the region. The authors argue that the agreement fell short in setting a high benchmark for future initiatives but reconfirmed China’s deliberate and incremental approach to trade and investment liberalization.

Schott has been with the Institute since 1983. He is the author of numerous studies of trade policy, economic integration in the Americas and Asia, and economic sanctions. He has led the Institute's research in the area of bilateral and regional free trade agreements, including his 2001 study, Free Trade between Korea and the United States?, which laid the groundwork for Korea-US FTA. Since January 2003, he has been a member of the Trade and Environment Policy Advisory Committee of the US government. He is also a member of the State Department's Advisory Committee on International Economic Policy and chairs its sanctions subcommittee.

Euijin Jung has been a research analyst at the Institute since January 2015. Cathleen Cimino-Isaacs is a research associate and has been with the Institute since August 2012.

Event Materials

Presentation: Jeffrey J. Schott [PDF]