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Efectos económicos de la complementariedad comercial en la negociación de un tratado de libre comercio entre México y Corea del Sur

Author

Listed:
  • Quintana Romero, Luis

    (UNAM)

  • Mun, Nam Kwon

    (Hankuk University of Foreign Studies)

  • Álvarez-García, José

    (Universidad de Extremadura)

Abstract

Mexico and South Korea have progressed in their commercial affairs since they began diplomatic relations in 1962. Currently, the possibility of negotiating a free trade agreement between both economies is being raised. The objective of this research is to evaluate the potential effects of such a trade agreement for both countries. For this, indexes of commercial intensity, revealed comparative advantages, complementarity, and commercial similarity are used. The results show that these two countries have intensified their trade relations, turning Mexico into South Korea’s main trading partner in Latin America and giving rise to a complementary trade structure with advantages for Mexico in the trade of mineral fuels, lubricants, machinery, and transport equipment. Also, an asymmetry was found in the tariff rates that could generate commercial advantages, especially for Mexico in the primary sector in case of the signing of a free trade agreement.

Suggested Citation

  • Quintana Romero, Luis & Mun, Nam Kwon & Álvarez-García, José, 2023. "Efectos económicos de la complementariedad comercial en la negociación de un tratado de libre comercio entre México y Corea del Sur," El Trimestre Económico, Fondo de Cultura Económica, vol. 90(358), pages 497-529, abril-jun.
    • Handle: RePEc:elt:journl:v:90:y:2023:i:358:p:497-529
    DOI: https://doi.org/10.20430/ete.v90i358.1666
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    More about this item

    Keywords

    Mexico-Korea free trade agreement; trade complementarity; comparative advantages; economic impacts.;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration

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