south korea trade policy


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  • Does Korea have a trade policy review mechanism?

    The Secretariat has, as required by the Agreement establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh Agreement Establishing the World Trade Organization), sought clarification from the Republic of Korea on its trade policies and practices.

  • Does Korea support WTO reform?

    Many Members commended Korea's active engagement on WTO reform discussions and for co-sponsoring the proposals to: (i) enhance transparency and strengthen notification compliance under the WTO Agreements, (ii) the Trade and Health Initiative, and (iii) the Trade and Environmental Sustainability Structured Discussions.

  • What was Korea's Trade Policy in 1962?

    There was no formal trade policy at that time. In 1962, Korea embarked on a massive industrialization based on exports. An export centric development strategy was introduced, and exports of labor – intensive, light manufactured goods were aggressively promoted.

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