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Research Project Report

Research Project Report 상세보기
A Direction for Economic Cooperation in Fisheries Following the Launch of the ASEAN Economic Community
Report No. 2016-06 Research Manager Myeong Hwa, Jeong
File

Summary


○ Going through the Asian Financial Crisis in the late 1990s, ASEAN has intensified
the economic cooperation. In December 2015, it launched the ASEAN Economic
Community (AEC) in order to respond internal and external environmental
changes.
- ASEAN plans to realize mid-to-long term goals of creating a single market, single
production base, competitive economic zone, achieving balanced economic
development and the integration into the world economy
Features Major contents
Data
collection
Reasons for selection
AEC that entered or will
enter into ASEAN markets
re survey
analysis
appropriate strategies for
the companies that intend
to make inroads to or
expand the trade with
ASEAN region
Expert
consultatio
n and
interview
with
companies
that
entered
ASEAN
- Outlook of ASEAN fisheries
trade and investment
following the launch of
AEC
- In-depth interview on the
cooperation demands of
ASEAN fisheries sector
- Finding out specific
difficulties of companies
that entered ASEAN market
- Expert
consultatio
n
- Interview
with
companies
- In-depth interview with
industrial experts to
present an economic
cooperation direction for
ASEAN fisheries sector in
response to AEC
- Addressing the limitations
of existing research by
focusing on the
improvements of existing
policies
Executive Summary ix
- Since fishery products are one of the ASEAN’s major export items, they are
included to priority integration sectors. Therefore, ASEAN gives priority to
eliminate regional tariff on fishery products and alleviate non-tariff barriers. As a
result, ASEAN’s global competitiveness in fisheries sector is expected to
increase.
- Tapping into this changing and ever-developing ASEAN market, China and
Japan aim to secure stable supply of fishery resources and promote their
companies to advance into foreign markets. To do this, the two countries are
increasingly strengthening the strategic economic cooperation with ASEAN
countries.


○ Since the conclusion of Korea-ASEAN FTA in 2007, South Korea’s trade deficit
with ASEAN has been expanding in fishery products. Also, the size and scope of
Korea’s investment with ASEAN in fishery sector are increasing, deepening the
multilateral economic cooperation in fishery sector.
- In particular, South Korea’s trade deficit with Vietnam, Indonesia and Malaysia is
increasing. Specifically, Korea’s imports of processed fishery products are
significantly rising, such as shrimps, webfoot octopuses etc.
- South Korea’s fisheries investment in ASEAN has diversified from deep sea
fishery centering on Indonesia to inland aquaculture focusing on Myanmar and
Vietnam as well as frozen fishery products.


○ Although domestic fisheries companies have low awareness of the launch of
AEC, the companies give a high expectation on the potential of AEC utilization
and the ASEAN’s development in fishery sector
- Specifically, ASEAN is expected to provide many opportunities to Korean
companies by expanding the possibility of advancing into 3rd markets such as
the US, China etc. In addition, ASEAN’s rising income following the economic
growth of the region will lead to the consumption growth of fishery products,
providing a lot of export opportunities for Korean companies.
- However, it is worrisome that the launch of AEC will intensify the competition
for securing raw materials for intra-ASEAN fishery products and the competition
with multilateral companies that already entered the region.
- Therefore, the priority should be given to improve business environment for
Korean fisheries companies by increasing the supply of ASEAN market
information and expanding the public and private cooperation projects in
ASEAN


○ Therefore, this study presents policy goals of securing stable supply of fishery
products in Korea by making inroads into ASEAN market. Also, it aims to
establish a foundation for Korean companies to enter into overseas market
based on ASEAN.
- Specific tasks are drawn as follows; supporting Korean companies’ entry into
ASEAN market by establishing a cooperation system among academicpublic-
industrial-research institutes considering the diversity of ASEAN,
strengthening a system for collecting information on ASEAN fisheries sector,
reinforcing the support for intra-ASEAN fisheries infrastructure and establishing
a basic plan for building a fisheries supply chain based on ASEAN


○ From legal and institutional perspectives, the study suggests the legislation of
relevant laws to facilitate Korean companies to advance to ASEAN market and to
establish an international organization called Korea-ASEAN Fisheries
Cooperation Center (tentatively named).

Research Project Report 상세보기
A Direction for Economic Cooperation in Fisheries Following the Launch of the ASEAN Economic Community
Report No. 2016-06 Research Manager Myeong Hwa, Jeong
File

Summary


○ Going through the Asian Financial Crisis in the late 1990s, ASEAN has intensified
the economic cooperation. In December 2015, it launched the ASEAN Economic
Community (AEC) in order to respond internal and external environmental
changes.
- ASEAN plans to realize mid-to-long term goals of creating a single market, single
production base, competitive economic zone, achieving balanced economic
development and the integration into the world economy
Features Major contents
Data
collection
Reasons for selection
AEC that entered or will
enter into ASEAN markets
re survey
analysis
appropriate strategies for
the companies that intend
to make inroads to or
expand the trade with
ASEAN region
Expert
consultatio
n and
interview
with
companies
that
entered
ASEAN
- Outlook of ASEAN fisheries
trade and investment
following the launch of
AEC
- In-depth interview on the
cooperation demands of
ASEAN fisheries sector
- Finding out specific
difficulties of companies
that entered ASEAN market
- Expert
consultatio
n
- Interview
with
companies
- In-depth interview with
industrial experts to
present an economic
cooperation direction for
ASEAN fisheries sector in
response to AEC
- Addressing the limitations
of existing research by
focusing on the
improvements of existing
policies
Executive Summary ix
- Since fishery products are one of the ASEAN’s major export items, they are
included to priority integration sectors. Therefore, ASEAN gives priority to
eliminate regional tariff on fishery products and alleviate non-tariff barriers. As a
result, ASEAN’s global competitiveness in fisheries sector is expected to
increase.
- Tapping into this changing and ever-developing ASEAN market, China and
Japan aim to secure stable supply of fishery resources and promote their
companies to advance into foreign markets. To do this, the two countries are
increasingly strengthening the strategic economic cooperation with ASEAN
countries.


○ Since the conclusion of Korea-ASEAN FTA in 2007, South Korea’s trade deficit
with ASEAN has been expanding in fishery products. Also, the size and scope of
Korea’s investment with ASEAN in fishery sector are increasing, deepening the
multilateral economic cooperation in fishery sector.
- In particular, South Korea’s trade deficit with Vietnam, Indonesia and Malaysia is
increasing. Specifically, Korea’s imports of processed fishery products are
significantly rising, such as shrimps, webfoot octopuses etc.
- South Korea’s fisheries investment in ASEAN has diversified from deep sea
fishery centering on Indonesia to inland aquaculture focusing on Myanmar and
Vietnam as well as frozen fishery products.


○ Although domestic fisheries companies have low awareness of the launch of
AEC, the companies give a high expectation on the potential of AEC utilization
and the ASEAN’s development in fishery sector
- Specifically, ASEAN is expected to provide many opportunities to Korean
companies by expanding the possibility of advancing into 3rd markets such as
the US, China etc. In addition, ASEAN’s rising income following the economic
growth of the region will lead to the consumption growth of fishery products,
providing a lot of export opportunities for Korean companies.
- However, it is worrisome that the launch of AEC will intensify the competition
for securing raw materials for intra-ASEAN fishery products and the competition
with multilateral companies that already entered the region.
- Therefore, the priority should be given to improve business environment for
Korean fisheries companies by increasing the supply of ASEAN market
information and expanding the public and private cooperation projects in
ASEAN


○ Therefore, this study presents policy goals of securing stable supply of fishery
products in Korea by making inroads into ASEAN market. Also, it aims to
establish a foundation for Korean companies to enter into overseas market
based on ASEAN.
- Specific tasks are drawn as follows; supporting Korean companies’ entry into
ASEAN market by establishing a cooperation system among academicpublic-
industrial-research institutes considering the diversity of ASEAN,
strengthening a system for collecting information on ASEAN fisheries sector,
reinforcing the support for intra-ASEAN fisheries infrastructure and establishing
a basic plan for building a fisheries supply chain based on ASEAN


○ From legal and institutional perspectives, the study suggests the legislation of
relevant laws to facilitate Korean companies to advance to ASEAN market and to
establish an international organization called Korea-ASEAN Fisheries
Cooperation Center (tentatively named).

이전글, 다음글 읽기
이전글 A Study on the Career Development and Capacity Building for Seafarers of Coastal Passenger Ships
다음글 A Study on the Methods of Consumer-based Fisheries Resources Management