Abstract
Firms increasingly utilize global supply chain (GSC) management to expand their resource base and integrate diverse network capabilities in global markets. According to Kawai and Wignaraja (J Asian Econ 22(12):105–128, 2011), many Asian nations vigorously pursue “global free trade agreements” (FTAs) with advanced nations (e.g., USA and Europe). In view of increasing demands and requirements, Asian nations pursue FTAs within their regions at large such as China-Japan-Korea FTA, ASEAN + 1 FTAs, and extend to Australia, India, and New Zealand, UK (2019) and Israel (2019). In this way, FTAs between countries or regional blocs provide added competitive advantages to global firms. This chapter explains the relationships (1) between FTAs and GSC strategies (2) supply chain costs and business impact results. Case illustrations highlight how Korean firms apply the potential benefits of multi-FTAs for achieving their GSC management strategic priorities and goals.
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