Trade Development And Strategic Adjustment Of South Korea To The United States

On the past,South Korea's economy was dependented highly export,which was export-oriented structure.The past, as a newly industrialized countries,South Korea free-traded with the US-led Western industrialized countries through export-led economic development in the implementation of the strategy to change the poverty and backwardness.Later,with the international situation,the Western industrialized countries developed their own economic interests from the trade policy of protectionism and regionalism,South Korea was requiremented to develop countries on the same competition in the international market.This forced South Korea to adjust trading strategies,active participation in the WTO trade liberalization,at the same time,South Korea adapted to the global development trends,emphasised on choice and participation in a State or between the two countries within the multinational and regional free trade agreement ,with hope that,in its protection and coordination,searched for the sustainable development of the new road.South Korea and US agreed FTA,which meaned between the United States Government and the South Korean government,the major differences between the most had been resolved,at June 30, 2007. At the same time,considered the two sides for each major strategic,made sensitive industries to make concessions to reach an agreement negotiations.The signing of the Korea-US FTA led the domestic economy get rid of plight and it has become an important expansion of external relations initiatives.First of all,the South Korea-US signed free trade agreement,which promoded the South Korea's economic growth,promoded investment in South Korean companies,increased domestic consumption,boycotted the competition between Japan and China.It would raise the quality of life of majority of the population.If the lower prices and better quality goods,services,foreign direct investment (FDI) into the country,which would drop the price of daily necessities,and it contributed low-income,and at the same time,the increase in overseas spending would increase, thereby reducing the balance of payments services deficit,and jobs and investment would increase.Obviously, we should also see that the strategic adjustment of trade between the two countries, as export-oriented economy with the formation of Chinese exports would be competitive, but also divert part of the United States on Chinese investment, which impact of trade was huge.China should learn from the advanced experience of each other,support and promote the process of economic integration in East Asia.This article is divided into four part to describe and analy. The first part is a brief review of the South Korea-US trade relations.In this part,I set out to recall the history of the South Korea-US trade relations,the future direction of Korea-US trade relations. Reviewed the strategy for the United States needs support South Korea.With South Korea's economy from its own needs,actively cooperate with the American Asia policy. For decades, U.S. economic assistance played an active role to South Korea the 50's economic recovery and infrastructure,to some extent,it laid the foundation for later economic growth.Then,the United States continue to maintain relations with South Korea's ally,the main problem is its ability to drop because the decades-long Cold War, paying a heavy economic price,to bear the burden of the huge budget deficit,can not afford to continue to protect the Korean economy.In recent years,Korea has been considered to reduce dependence on the U.S. military. In addition, the high level of U.S. trade barriers to U.S. exports of Korean products more difficult. At the same time, the United States continue to put pressure on South Korea to force it open the domestic market, South Korea-US trade always friction.The second part is the analysis of the status of the South Korea-US trade.At an early stage in the South Korea-US economic relations,the U.S. economy is almost similar to living in a "guardian" status, the United States a large number of economic aid and military assistance to South Korea's economic development,which was the main driving force. With the relative strength of the United States weakened, intensified the domestic economy as well as the contradictions of the intense competition in the international market, with South Korea's economic strength,the United States has been reluctant to South Korea as a developing country,but also no longer be able to claim South Korea's protectors to phase out the incentives.South Korea is no longer a past agricultural products,raw materials and low-level industrial products exporting countries, to become the leader in the international market. After the Cold War ,as a result of the rapid development of global regionalization,Korean products became increasingly deteriorate in the United States ,so South Korea more determined to shake off dependence on the United States,it begined the policy of diversification of overseas markets.However,the United States remains Korea's most important trading partners.Although the U.S. market after China,following the South Korea's second-largest export market,but its impact on the Korean economy is much greater than China's.In addition,in the trade structure, not only the existence of the industrial structure between the two countries complement each other's advantages,there is also a high-tech industries to expand trade cooperation (capital, markets, technical cooperation).Frequently accompanied by trade, trade friction.The third part is the south Korea-U.S. strategic adjustment of the trade discussions,the United States through South Korea trade strategy evaluation,analysis of how the United States to South Korea import,and how to occupy the important position. United States is of special significance to the South Korea. South Korea's overall economy to enter the ranks of developed economies,and tap new economic growth momentum and maintaining sustained economic growth,it must focus on the United States study.In South Korea-U.S. trade strategy issues, stressed the need to adjust trade strategy in Korea,bypassing the WTO trade liberalization in the realization of multi-variable,the slow process of the difficulties, go with the global trend,and choose to join between the two countries or one country and the region through negotiations between the multinational to establish the Free Trade Area of the times, that is the conclusion of FTA. From the South Korea-US FTA on South Korea's powerful factors,obstacles come both to deepen the meaning of the South Korea-US FTA,that is the conclusion of the FTA is the plight of South Korea from the domestic economy,expanding foreign relations an important measure. First of all,the South Korea-US free trade agreement signed to promote economic growth,promote investment in South Korean,increase domestic consumption in Korea,boycotted the competition in Japan and China.It would greatly enhance the quality of life of majority of the population. At the same time,the increase in overseas spending would ease the situation,thereby reducing the balance of payments deficit of services,jobs and investment,which woould also increase. Finally,the choice of the direction of U.S. trade analysis, discussing how to use the United States market.At present, the Korean economy is facing a low growth rate.Through an increase in factors of production to achieve economic growth in limited circumstances,the future if we do not increase the production factors of the total production,it will be difficult to avoid the potential decline in productivity.In addition,foreign direct investment as a driving force for economic growth,while in South Korea after the financial crisis to the substantial growth during 2000,but appeared to reduce.The productivity of service industries and knowledge-intensive industries to enhance the activity of sustained economic growth,which is a necessary condition. However,the structure of South Korean service industries concentrated in the catering,accommodation, real estate and other areas of specialized high value-added services sector, competitiveness and the United States,Canada,EU and other major countries are obviously inadequate.The U.S. market for South Korea is an advanced market.It can provide a vast market to Korea,investment sources,to help improve the productivity and value-added services sector,and promote the internationalization of the upgrade, and create an open international co-exist, and so on to help South Korea to achieve the strategic objectives of the economy.So, we can say that Korean economy will growth depend on continued in the use of this huge market.The fourth part is that the South Korea-US trade relations's deepen to Chinese influence. There are many similarities economic structure between South Korea and China, the two countries dependence on foreign trade are as high as 70 percent,exports are mainly manufactured goods.South Korea imported from Chinese seven major types of commodities,the United States and China have different levels of competition. Similarly,South Korea and China exports to the U.S. market some products overlap.This will inevitably result in Chinese the passive situation in the international market.At the same time it should be noted that South Korea-US FTA to bring pressure on China, but also to Chinese foreign trade strategy to provide a lot of inspiration. Therefore, China should learn from the experience of South Korea's economic development, support and promote regional economic integration in Northeast Asia development.