Abstract

The EU–South Korea free trade agreement (FTA) represents a case of comprehensive trade liberalization between two major economies with large automotive industries. This article examines and compares the total and automotive industry trade effects of the EU–South Korea FTA. The empirical gravity analysis shows asymmetric effects between the bilateral exports of EU and Korea. Trade-enhancing effects are found in both gross and value-added trade indicators of EU automotive exports, while no substantial effects are detected in Korean exports. The post-FTA trade dynamics suggest that the removal of industry-specific non-tariff barriers (NTBs) played an important role in facilitating EU automotive exports.

摘要

欧盟-韩国自由贸易协定（FTA）代表了两个拥有大型汽车工业的主要经济体之间全面贸易自由化的案例。本文研究并比较了欧盟-韩国自由贸易协定对整个行业和汽车行业的贸易影响。经验引力分析显示了欧盟和韩国双边出口之间的不对称效应。在欧盟汽车出口的总和增值贸易指标中都发现了贸易促进作用，而在韩国出口中没有发现实质性影响。自由贸易协定后的贸易动态表明，消除特定于行业的非关税壁垒（NTB）在促进欧盟汽车出口方面发挥了重要作用。