• Title/Summary/Keyword: Processing Trade

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Research on the Polarization Effects of the Shandong Processing Trade and Strategy to Coordinate Its Development

  • Xiao, Dan Dan
    • Asian Journal of Business Environment
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    • v.3 no.2
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    • pp.17-22
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    • 2013
  • Purpose - This dissertation is based on previous research, and analyzes processing trade, which constitutes a major section of foreign trade in Shandong Province. Research design, data, and methodology - The study uses the survey data on polarization, which is a vital index reflecting the unbalanced growth of regional economic development. The article introduces the processing trade polarization index, and the processing trade polarization fluctuation rate, to predict the geographical polarization posture and development trends in Shandong Province. Results -The development of processing trade in Shandong Province shows the level of gradient from east to west. The first-line growth pole has been formed and developed, and the initial formation of the diffusion mechanism has taken place. However, coordination problems in accompanying regional development have become increasingly prominent. Conclusions - This study focuses on the development of processing trade strategy and suggests overall coordination of development objectives, using non-balanced development goals. According to regional characteristics and development objectives of the processing trade in Shandong Province, the region around the city is divided into innovation diffusion region, enhanced growth areas, areas expected to undertake development, and areas to upgrade in four levels, given the different policy proposals.

The effects of the RMB's appreciation on trade balance in US

  • Gong, Chi;Liu, Zi-Yang
    • Journal of the Korea Society of Computer and Information
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    • v.20 no.11
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    • pp.135-142
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    • 2015
  • This paper applied a VAR model to analyze the effects of RMB exchange rate brought to processing trade, non-processing trade and FDI. Then we can get the results that the appreciation of RMB could not solve the problem of US trade deficit. It is more likely that the appreciation just can transfer the trade imbalance to other country with US, which could not radically solve the economic problems of US. Also this paper find that the data of service trade is surplus while the main goods deficit was occur in advanced technology product, especially in the information & communications trade And US has real advantage in these industries, so the situation will be changed if US decreased the barrier in these industries. In that way, the imbalance situation should be greatly reduced.

The Effect of Economic Sanction against North Korea on North Korea-China Trade

  • Cho, Sung-Taek;Kim, Hyuk-Hwang
    • International Area Studies Review
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    • v.20 no.3
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    • pp.23-44
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    • 2016
  • This study attempts to scrutinize the effectiveness of the international economic sanction on North Korea by analyzing the determinants of the North Korea-China trade with Chinese Customs House data classified under general, border, processing, bonded warehouse. The result shows that after international economic sanctions, North Korea-China trade was increased across types of trade. In particular, sanction-sensitive items were increased after sanctions and China also weakened the effectiveness of sanctions. To put it concretely, North Korea's food and fuel imports from china increased in processing and border trade. In the case of luxury good, it was increased in general trade. Strategy goods (weaponry) increased only in bonded warehouse trade. For China's import from North Korea, food and fuel were increased in total, border and bonded warehouse trade. Considering the features of each type of trade, these increase are presumed to have been playing a decisive role in weakening the effect of international sanction on North Korea.

A Study on Applicability of the Bonded Area as a Countermeasure of the Change of Chinese Processing Trade System (중국 가공무역제도 변화에 따른 중국 보세구역의 활용방안에 대한 연구)

  • Lee, Yong-Keun;Hong, Jae-Sung
    • International Commerce and Information Review
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    • v.14 no.3
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    • pp.253-280
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    • 2012
  • Since China reformed and opened up itself, processing trade system has enormously contributed to chinese economic development and also become driving force of chinese economic growth. However, due to imbalance of industrial distribution, overproduction of labor-intensive product has expanded, and as a result, mass export of low-value-added products has aggravated trade friction. Also, these low-value-added products has caused environmental pollution and brought resource waste. On this, Chinese government start to modify system according to strategy for enhancement of processing trade. In this study, as a countermeasure of the Change of Chinese processing trade system, applicability of the bonded area is suggested. Firstly, even if a company's item is applied to prohibited or restricted items, the company can trade if through the bonded area. Secondly, even if a company has duty of deposit reservation, the company can be exempt from duty of deposit reservation if through the bonded area. Thirdly, as to importing facilities for processing trade, a company can receive more benefit through the bonded area than through outside of the bonded area.

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A study on the system and the law related with a electronic trade in german (독일의 전자무역 시스템 여건 및 전자무역 관련 법규에 관한 연구)

  • Kwon O
    • The Journal of Information Technology
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    • v.6 no.3
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    • pp.11-32
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    • 2003
  • For the internet is spreading out, a trade method and a trade process are chaning. Especially, with the development of an internet, a international trade can be madevia internet and other trade related with businesses can be achived electronically. The electronic trade is expected to dominate the gloval trade. Therefore, a trader needs to study this new method of trade intransaction with German. This paper focuses on the electronic transaction system in German. They participate in the foreign trade which is based on The AuBenwirtschaftsgesetz(AWG) and AuBenwirtschaftsve- rordnung(AWV). Customs are managed by the processing of two methods, The one is a export custom processing, the other is a outward custom processing. This paper also focuses on the law for a electronic trade in German. There are a varity of Law related with a electronic trade in German. For example, there are Das Information und Kommunikationsdienste Gesetz, Teledienstegesetz, Entwurf eines Gesetzes zum Schutz von Zuganskontrolldienste, Teledienstedatenschutzgesetz, Signaturgesetz, Das Strafgessetzbuch, Das Gesetz ber Ordnungswidrigkeit, Das Gesetz ber die Verbreightung jugendgef hrdender Schrifen und Medieninhalt, Entwurf eines Gesetes zur Anpassung der Formvorschrifen des Privatrechts und anderer Vorschrifen aqn den modernnen Rechtsgesch ftsverkehr, Gesetzes zur Modernisieerung des Schuldrechts. Entwurf eines Gesetes zur Anpassung der Formvorschrifen des Privatrechts und anderer Vorschrifen aqn den modernnen Rechtsgesch ftsverkehr, Gesetz ber Urheberrecht und verwandte Schutzrechte, Directive 2000/31/EC of The European Parliament and of The Council, Directive 2002/58/EC of The European Parliament and of The Council, Directive 2002/65/EC of The European Parliament and of The Council etc.

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A Study on Improvement of Import Insurance for Importers

  • Kim, Jae Seong
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.60
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    • pp.195-209
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    • 2013
  • South Korea, despite the financial turbulences has marked the trade volume of USD 1 trillion and marked $7^{th}$ largest exporter in 2013. Approximately 40% of the entire import of Korea was for export. In the South Korean trade structure, import and export are closely related, requiring proactive import financial assistance policies. Recognizing this, K-sure has made import insurance policy available on the market since July 2010. The K-sure insurance policy targets both financial institutions and importers. This is the reason why this research seeks to review the import insurance terms for importers and compare with foreign import insurance products to find out ways to improve. K-sure's import insurance for importers is to cover a loss of a policyholder when the policyholder or importer domestically addressed made a prepayment but cannot receive goods. The import insurance is applied to import transactions of goods or resources. K-sure's import insurance coverage needs to be expanded to intermediary trade and consignment processing trade, etc. In this sense, a more systematic educational program should be introduced about K-sure's import insurance.

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An empirical study on the service quality of uTradeHub though Kano model and customer satisfaction coefficient (Kano 모형과 고객만족계수를 이용한 uTradeHub 서비스 품질에 관한 연구)

  • Song, Sunyok
    • International Commerce and Information Review
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    • v.18 no.4
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    • pp.55-78
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    • 2016
  • In this study, service quality attributes of uTradeHub were classified based on the Kano model, and quality attributes that should be managed in priority to improve the service quality of uTradeHub were investigated using Timko's customer satisfaction coefficient(CSC) and average satisfaction coefficient(ASC). The results of the study are summarized as follows. First, as a result of classifying service quality attributes based on Kano model, 12 one dimensional qualities, 5 must-be qualities, 2 indifferent qualities were deducted, and many quality attributes of uTradeHub service were confirmed to be one dimensional quality to which is needed to be paid attention and paid more detailed attention to enhance service quality. Second, in the analysis result using Timko's customer satisfaction coefficient, "post processing for problems and complaints", "cost reduction", "efficiency of business processing" were ranked in the top of satisfaction coefficient, and they found to be quality attributes that customer satisfaction increases when service quality was satisfied. While, "post processing for problems and complaints", "interaction", "ability to respond promptly when problems occur" were ranked in the top of unsatisfaction coefficient, and they were analysed to be quality attributes that customer complaints increase when service quality was unsatisfied. Third, in the result of analyzing the quality attributes that should be managed in priority to improve the service quality of uTradeHub based on the average satisfaction coefficient(ASC), "post processing for problems and complaints", "cost reduction", "useful information" were ranked in the top 3, and they were classified as quality attributes that the satisfaction level increases more when they are improved than now, but the satisfaction level decreases when they are worsen.

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The Improvement of the Korea Trade Finance Services (중소기업금융으로서 무역금융제도의 개선방안)

  • PARK, Kwang-So;HWANG, Ji-Hyeon;ZHOU, Ling-Ke
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.75
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    • pp.117-136
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    • 2017
  • Trade finance services have been played an important role in the Korea trade development history since 1960's. These days the trade environment is confronted by the 4th Industrial revolution and new trade protectionism. So we need to improve the Korea Trade Finance Services in order to improve Korea trade volume. Bank of Korea(BOK) also revised the Rule of Korea Trade Finance in 2014 and enlarged the trade fund for commercial banks where they handle the trade finance to small and medium enterprises(SME) in 2016. This article handle the current state and problems of Korea trade finance services and suggest the improvement measures as follows; First, the commercial banks, which handle trade finance fund, should improve the customs and practice of judge loan for SMEs. Second, the export volume counting rule for trade loan should harmonize between BOK's Rule and Foreign Trade Management Regulation under the Foreign Trade Act. Third, the processing trade and intermediate trade also can use the trade finance like other trade. Fourth, Trade finance should be in balance between export and import finance to defend the new protectionism. It means that the trade finance should expand to import in the certain conditions. Lastly, the related trade promotion agencies and their employees should improve their skills and abilities for handling trade finance.

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The Peace Effects of Inter-Korean Trade and the Political-Economic Separation: Analysis of the Reciprocal Effects of Inter-Korean Relations and Inter-Korean Trade

  • KYOOCHUL KIM
    • KDI Journal of Economic Policy
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    • v.45 no.3
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    • pp.1-24
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    • 2023
  • This paper empirically examines the relationship between inter-Korean trade and inter-Korean relations over the past three decades. It asks two questions: (1) Does inter-Korean trade contribute to improved inter-Korean relations and peace on the Korean Peninsula? (2) Does improved inter-Korean relations lead to increased inter-Korean trade? The study employs a time-series causal relationship analysis methodology to answer these questions. The findings show that during the progressive government's reign, inter-Korean trade was not impacted by inter-Korean relations. This is due to the implementation of a political-economic separation policy towards North Korea. Moreover, the increase in general trade and processing on commission did enhance inter-Korean relations, reflecting the "inclusive policy" aimed at achieving peace on the Korean Peninsula through inter-Korean trade. In contrast, during the conservative government's reign, inter-Korean relations had a direct impact on inter-Korean trade, with deteriorating relations leading to a significant decrease in trade. This was due to the implementation of North Korea policies that were linked to politics and the economy.

A Study on the Implementation Model of Global e-trade (글로벌 전자무역 구현모델에 관한 연구)

  • Lee, Sang-Jin;Chung, Ja-Son
    • International Commerce and Information Review
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    • v.7 no.4
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    • pp.305-322
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    • 2005
  • To meet the demand of Korea's e-trade, global e-trade should be implemented and the global network is absolutely needed for the completion of e-trade. In this regard, this study suggested the concept and effect of global e-trade and analyzed the current status of PAA, ASEM projects which have been processing as pilot projects. Also, it derived tasks for the implementation of global e-trade through SWOT analysis and made up questions to the firms which are participating the pilot projects. Therefore, the four implementation models of global e-trade network are brought up. These models are very similar to each pilot project such as PAA, ASEM, and could be classified by developed and developing countries.

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