‘TPP membership would synergize Korean, Japanese economies’
Jan 31, 2016
Korea’s prospective membership in the Trans-Pacific Partnership would go beyond eliminating tariffs, closely linking its economy with Japan and shoring up its competitiveness within an interconnected global value chain, an influential economist has said. As a “platinum standard” agreement instantly abolishing 87.4 percent of tariffs on items and 81.3 percent on export volume, the accord was reached on Oct. 5 last year between 12 Pacific Rim countries ― the U.S., Japan, Canada, Australia, Mexico,