Economic Building and Peace Settlement through North and South Korea CEPA

Abstract

Divided nations, Germany and China have shown very adequate cases on intra-trade between two parties. However, the two Koreas are still division status and inter-Korea trade is completely stopped since 2016. North and South Korea have been agreed by various statements and declaration through two summit meeting between the two Koreas but it became just written and verbal agreement. In this respect, this paper is suggesting on North and South Korea CEPA. Division countries have been got benefit like zero or lower tariff system under intra-trade system, but it is getting the disputable condition because zero and lower tariff applied under agreement of free trade agreement. So, Germany had been received from GATT and surrounding nations on their intra-Germany trade and China has been agreed with Taiwan, Hong Kong and Macau under FTA regulation. So, these divided nations could get stable intra-trade condition and recognition from international organizations. So, both Koreas also need to change their preexisting intra-Korea trade system. Through this CEPA, North and South Korea need to follow to international and FTA rule. Lastly, North and South Korea need to make economic integration through CEPA.