A Comparative Study On The International Competitiveness Of China - Korea Tourism Service Trade

The trade grew rapidly in China after they become a member of WTO and thetravel industry has improved with the permission of foreign-affiliated firms. With this,the economy of Korea also has improved and the magnificent development of travelindustry has followed. China became the greatest economic partner20years after theyestablished diplomatic relations in1992. The trade between two countries has growndrastically and they are keeping the friendly relationship. Following this vigorous traderelationship, Korea and China are making the rapid progress of the traveling servicetrade. This paper analyzes the China and South Korea’s traveling service tradedevelopment, traveling service trade international market share, traveling service tradecompetitiveness index (TC), traveling service trade and revealed comparative advantageindex (RCA),this paper compared the international competitiveness level of China andSouth Korea’s traveling service trade. At last, this article gives some suggestions toovercome the barriers for traveling service trade.