Goods Traded Information

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• Some studies indicate that it may not significantly increase trade volumes or could have mixed effects on specific industries like agriculture
• The China-Korea FTA benefits both countries by leveraging their competitive advantages and preventing trade diversion to the US, which would occur if no agreement was reached
• prevent trade diversion to the US and keep trade flowing among themselves WOAH
• The reduction of Chinese tariffs does not show a significant impact on IIT
• President Lee Myung-bak was a key advocate for establishing closer ties between the three countries, particularly in the areas of trade, investment, and energy cooperation. Emphasized the need for stronger regional collaboration to enhance economic growth and maintain regional stability.