Abstract
This study analyze the effect of GMP MRA (Good Manufacturing Process Mutual Recognition Agreement) on bilateral trade flows in medical products using EU and 6 other countries cases. Estimation results using gravity and difference in difference models suggest that GMP MRA increases the bilateral trade flows of medical products by 44~235%. This results imply the trade improvement effect by GMP MRA is significant, which suggests that Korea might promote GMP MRA with trading partners.
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More From: Journal of Korea Research Association of International Commerce
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