FTAA (A Research on Expansion of Economic Cooperation with Shandong Province in China Through Utilizing the Korea-China FTA)

Abstract

Korean Abstract: 본 연구는 한·중 FTA를 활용하여 중국의 지방, 특히 산둥성과 경제협력을 확대할 수 있는 방안에 대해 분석하였다. 이를 위해 산둥성의 대외개방 및 국제협력 현황과 정책, 한·산둥성 간 경제협력, FTA를 활용한 중국의 대외경제협력 사례에 대해 분석하였다. 아울러 협력 패러다임의 전환, 무역 및 투자의 협력 방향, 산업협력과 관련한 정책적 시사점을 제시하였다. English Abstract: Considering that Shandong province is the most active in economic cooperation with Korea and has already been conducting economic cooperation with Korea for a long time, Korea should formulate plans to utilize Shandong as a base area for expanding the performance of the Korea-China FTA, and further develop a successful cooperation model. This requires a transition to a cooperation paradigm that fits the new economic environment. Labor-intensive manufacturing and SMEoriented cooperation need to be rapidly shifted to high-tech industries, high-tech and service-oriented cooperation in accordance with the demand for cooperation and policy directions of Shandong Province. The trade and FDI of Shandong Province are mostly concentrated in low-tech industries, putting the region somewhat at odds with the policy direction of the Shandong provincial government, which is currently pursuing industrial advancement. On the other hand, the trade and investment between Korea and Shandong is centered on high-tech industries with a high level of technology, which is in line with the advanced industrial structure and export structure of Shandong Province. In recent years, the Shandong provincial government has been pursuing various cooperation pilot policies like the Korea-China industrial complexes and demonstration zone for Korea-China local economic cooperation. These policy changes are in line with Korea’s demand to promote its economic cooperation with China to a new level with the conclusion of the Korea-China FTA. In the future, Korea should use Shandong as a base and test bed for economic cooperation with China, and expand the cooperation achievements and models in Shandong Province to all regions of China.