부산대학교 도서관

South Korea and China, as the world's important economies and friendly neighbours, have developed rapidly in bilateral trade. In 2013, South Korea and China completed bilateral trade by 274 billion 200 million US dollars, 53 times more than the establishment of diplomatic relations in 1992, and an annual growth rate of 22.47%. Meanwhile, in the wave of globalization and regional economic integration, the two countries accelerated the pace of building bilateral free trade zones. In June 1, 2015, the leaders of South Korea and China formally signed the free trade agreement between the People's Republic of China government and the Republic of Korea government in Seoul, South Korea. It is worth mentioning that the Korea-China FTA is the most widely covered trade area in China and the largest trade area involving other countries.The Korea-China FTA has a high degree of openness, involving many kinds of products and large tariff reductions. In the Korea-China FTA, the two countries have achieved an open level of over 90% of product tax and 85% of trade volume. Among them, the products of South Korea and China 79% and 71%, trade volume 77% and 66% have gradually abolished tariffs in 10 years, the products of 92% and 91% of the two countries, trade volume 91% and 85% gradually abolished tariffs in 20 years.There is a certain gap between South Korea and China in terms of economic development level, and the economic complementarity is strong, basically based on the traditional comparative advantage. China's agricultural products and labor-intensive industrial products have comparative advantages for Korea. Korean capital and technology intensive industrial products have comparative advantages for China. Bilateral tariff cuts will inevitably have different impacts on domestic industries. In general, industries with comparative advantages will benefit, output trade will increase, and those in relatively inferior industries will be damaged. But at the same time, the tariff reduction arrangements and economic structure of the two countries will also affect the benefit of the industry, such as South Korea's more sensitive protection of its more sensitive animal and its products sector, and the high degree of tariff reduction in China's industry. The competition of internal resources will make the benefits of both industries more complicated. Therefore, it is necessary to study the impact of the establishment of the Korea-China Free Trade Zone on the related industries of the two countries, and to find out the benefits and damaged industries of the two countries. It is of reference significance for the government to take advantage of the benefit and avoid harm and formulate policy guidance industry adjustment. From the practical point of view, based on the tariff reduction table negotiated by South Korea and China free trade area, the specific tariffs of the two countries in the implementation of the Korea-China Free Trade Agreement are calculated, and the global equilibrium model, the global trade analysis model(GTAP), is used to simulate and analyze the impact of the Korea-China free trade area on the output and trade of the two countries.