Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 32759
Korea and Japan Economic Relations: An Analysis through the World Trade Organization

Authors: Caroline S. Dutra, Tatiana C. Squeff

Abstract:

It is well known that the history between South Korea and Japan influences their international relations; thus, also encompassing their economic relations. In this sense, it is impossible to analyze the latter without understanding the development of the former, which is known for episodes of hostility, like on Japanese colonization, but also had moments of cultural and trade interexchange. Indeed, since 1965, with the establishment of diplomatic relations between both countries, their trade relations have improved, especially after both nations have signed the General Agreement on Tariffs and Trade (GATT). Thereafter, with the establishment of the World Trade Organization (WTO) in 1995, another chapter of their diplomatic and economic relations have been inaugurated. Hence, bearing in mind this history between both nations, this research intends to examine their relations through the analysis of the WTO panels they have engaged in between each other, which are, in chronological order, “DS323: Japan – Import Quotas on Dried Laver and Seasoned Laver”, “DS336: Japan - Countervailing Duties on Dynamic Random Access Memories from Korea”, “DS495: Korea - Import Band, and Testing and Certification Requirements for Radionuclides”, “DS553: Korea - Sunset Review of Anti-Dumping Duties on Stainless Steel Bars” and “DS571: Korea - Measures Affecting Trade in Commercial Vessels”. The objective of this case analysis is to point out what are the areas that are more conflictual between Japan and South Korea in regard to their economic relations so that it is possible to assert on their future (economic) relations and other possible outcomes. And in order to do so, bibliographic and documental research will be made, particularly those involving the WTO and the nations under consideration. Regarding the methods used, it is important to highlight that this is applied research in the field of international economic relations and international law, which follows a hypothetic-deductive model.

Keywords: International economic relations, Japan, South Korea, World Trade Organization.

Digital Object Identifier (DOI): doi.org/1

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 868

References:


[1] WTO. Japan and the WTO. Available in: . Accessed on: 1 mar. 2020.
[2] WTO. Republic of Korea and the WTO. Available in: . Accessed on: 1 mar. 2020.
[3] Chung H. Lee & Keun Lee (1992). Sustaining economic development in South Korea: Lessons from Japan, The Pacific Review, 5:1, 13-24, DOI: 10.1080/09512749208718951.
[4] Oda, S. (1967). The Normalization of Relations between Japan and the Republic of Korea. The American Journal of International Law, 61(1), 35. DOI:10.2307/2196830.
[5] Japan and Republic of Korea Agreement on the settlement of problems concerning property and claims and on economic co-operation (1965). Available in: . Accessed on: 1 mar. 2020.
[6] Ishikida, Miki Y. (2005). Toward Peace: War Responsibility, Postwar Compensation, and Peace Movements and Education in Japan. Publisher: iUniversal, Inc.
[7] Huang, X. (2007). The invisible hand: modern studies of international relations in Japan, China, and Korea. Journal of International Relations and Development. Available in: . Accessed on: 1 mar. 2020.
[8] WTO. DS323: Japan — Import Quotas on Dried Laver and Seasoned Laver. Available in: . Accessed on: 1 mar. 2020.
[9] WTO. DS336: Japan — Countervailing Duties on Dynamic Random Access Memories from Korea. Available in: . Accessed on: 1 mar. 2020.
[10] WTO. DS495: Korea — Import Bans, and Testing and Certification Requirements for Radionuclides. Available in: . Accessed on: 1 mar. 2020.
[11] WTO. DS553: Korea — Sunset Review of Anti-Dumping Duties on Stainless Steel Bars. Available in: . Accessed on: 1 mar. 2020.
[12] WTO. DS571: Korea — Measures Affecting Trade in Commercial Vessels. Available in: . Accessed on: 1 mar. 2020.
[13] WTO. DS504: Korea — Anti-Dumping Duties on Pneumatic Valves from Japan. Available in: . Accessed on: 1 mar. 2020.
[14] WTO. DS590: Japan — Measures Related to the Exportation of Products and Technology to Korea. Available in: . Accessed on: 1 mar. 2020.
[15] EFE. É o fim da OMC? Bloqueio dos EUA ameaça a governança global. Exame. Available in: . Accessed on: 1 mar. 2020.
[16] Hosaka, Y. Japan’s Economic Sanctions on Korea: Part of a Phased Plan. The Diplomat. 19 July 2019. Available in: . Accessed on: 1 mar. 2020.
[17] Kawashima, S. What Are Japan’s ‘Sanctions’ on South Korea?. The Diplomat. 4 Sept. 2019. Available in: . Accessed on: 1 mar. 2020.
[18] Stangarone T. (2020). Parsing the Economic Damage from the Japan & South Korea Dispute. The Diplomat. Available in: . Accessed on: 1 mar. 2020.
[19] Creehan S., & Tierno P. (2019). Asia’s Latest Trade War: Japan vs. South Korea. Federal Reserve Bank of San Francisco. Available in: . Accessed on: 1 mar. 2020.