It has been five years since the Belt and Road Initiative (BRI) was first introduced. Though there has been a growing body of literature on regional cooperation between covered countries, Japan and South Korea have be...It has been five years since the Belt and Road Initiative (BRI) was first introduced. Though there has been a growing body of literature on regional cooperation between covered countries, Japan and South Korea have been barely discussed. This paper starts with the consensus-based mechanism of a China-Japan-South Korea Free Trade Area (FTA) to probe the approach of its alignment with the BRI in terms of the sequence of “master plans,”“viability of cooperation,” and “embedding of rules.” This inquiry found that the three countries have a shared interest in cooperation in Central Asia to which China prefers a pragmatic approach, while Japan and South Korea an approach combining idealism with pragmatism. Given the huge potential of cooperation between the trio, it is suggested that a “Central Asia chapter” be incorporated in the negotiation framework of this trilateral FTA, and that the design feature three aspects;fundamental principles, specific rules, and an executive body with a view to functionally contributing to regional trade integration in Asia. This approach may also be applied to the alignment of other Asian areas with the BRI.展开更多
Trade in goods is of great importance to Northeast Asia,a region with highly developed manufacturing industries.Trade interdependency among China,Japan,and South Korea(CJK)is an important incentive and basis for the d...Trade in goods is of great importance to Northeast Asia,a region with highly developed manufacturing industries.Trade interdependency among China,Japan,and South Korea(CJK)is an important incentive and basis for the development of CJK free trade area(FTA)and cross-border investment.From 1991 to 2011,the value of bilateral trade as a share of total trade among China,Japan,and South Korea underwent significant changes.China’s imports increased but exports decreased,Japan’s imports and exports both increased,and South Korea’s exports increased but imports decreased.These developments can help us understand the three countries’willingness of to continue the FTA negotiation process,in which commitment,environment,and demand uncertainty constitute disruptive factors in the CJKFTA negotiation process.The CJKFTA can be realized directly or indirectly,depending on the will of China,Japan,and South Korea.展开更多
基金funded by the Fundamental Research Funds for the Central Universities
文摘It has been five years since the Belt and Road Initiative (BRI) was first introduced. Though there has been a growing body of literature on regional cooperation between covered countries, Japan and South Korea have been barely discussed. This paper starts with the consensus-based mechanism of a China-Japan-South Korea Free Trade Area (FTA) to probe the approach of its alignment with the BRI in terms of the sequence of “master plans,”“viability of cooperation,” and “embedding of rules.” This inquiry found that the three countries have a shared interest in cooperation in Central Asia to which China prefers a pragmatic approach, while Japan and South Korea an approach combining idealism with pragmatism. Given the huge potential of cooperation between the trio, it is suggested that a “Central Asia chapter” be incorporated in the negotiation framework of this trilateral FTA, and that the design feature three aspects;fundamental principles, specific rules, and an executive body with a view to functionally contributing to regional trade integration in Asia. This approach may also be applied to the alignment of other Asian areas with the BRI.
文摘Trade in goods is of great importance to Northeast Asia,a region with highly developed manufacturing industries.Trade interdependency among China,Japan,and South Korea(CJK)is an important incentive and basis for the development of CJK free trade area(FTA)and cross-border investment.From 1991 to 2011,the value of bilateral trade as a share of total trade among China,Japan,and South Korea underwent significant changes.China’s imports increased but exports decreased,Japan’s imports and exports both increased,and South Korea’s exports increased but imports decreased.These developments can help us understand the three countries’willingness of to continue the FTA negotiation process,in which commitment,environment,and demand uncertainty constitute disruptive factors in the CJKFTA negotiation process.The CJKFTA can be realized directly or indirectly,depending on the will of China,Japan,and South Korea.
