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Multilateral and Bilateral Economic Cooperation in Northeast Asia

Author

Listed:
  • Yana Valeryevna Dyomina

    (Economic Research Institute FEB RAS)

Abstract
The review is devoted to the formats of bilateral and multilateral economic cooperation of the Northeast Asia (NEA) countries. NEA comprises six countries that account for 23,3% of the worldÒs population, 25,7% of the global GDP and 22,1% of the worldÒs merchandise exports. Despite their considerable potential, the NEA countries do not have six-party agreements on trade, investment, customs or migration cooperation, preferring projects with a wider range of participants. There are no such agreements on a trilateral basis between the ÑBig ThreeÒ countries, which include China, Japan and the Republic of Korea and act as the NEA ÑlocomotiveÒ. These areas of cooperation are developed mainly on a bilateral basis. The majority of free trade agreements (FTAs) signed by NEA countries are with non-regional partners. At the same time, the DPRK is characterized by a complete lack of agreements, and Russia does not have agreements with subregional partners. Currently there are only two bilateral FTAs in force between the NEA countriesàÖ China-Republic of Korea Free Trade Agreement and Japan-Mongolia Economic Partnership Agreement. The process of negotiations and implementation of agreements (both multilateral and bilateral) is significantly complicated by the periodic aggravation of Sino-Japanese and Korean-Japanese relations, as well as the DPRK nuclear weapons issue

Suggested Citation

  • Yana Valeryevna Dyomina, 2020. "Multilateral and Bilateral Economic Cooperation in Northeast Asia," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 3, pages 156-180.
    • Handle: RePEc:far:spaeco:y:2020:i:3:p:156-180
    DOI: https://dx.doi.org/10.14530/se.2020.3.156-180
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    References listed on IDEAS

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    1. Inkyo Cheong, 2016. "Analysis of the FTA Negotiation between China and Korea," Asian Economic Papers, MIT Press, vol. 15(3), pages 170-187, Fall.
    2. Cathleen Cimino-Isaacs & Jeffrey J. Schott, 2016. "Trans-Pacific Partnership: An Assessment," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 7137, April.
    3. Jeffrey J. Schott & Cathleen Cimino-Isaacs & Euijin Jung, 2016. "Implications of the Trans-Pacific Partnership for the World Trading System," Policy Briefs PB16-8, Peterson Institute for International Economics.
    4. Galina Mikhailovna Kostyunina, 2016. "Integration processes in North East Asia," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 7, pages 28-39, July.
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    More about this item

    Keywords

    FTA; Northeast Asia; China; Japan; DPRK; Republic of Korea; Mongolia; Russia;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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