Trade Policy Review
Report by
Republic of Korea
Revision
Pursuant to the Agreement
Establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh
Agreement Establishing the World Trade Organization), the policy statement by Republic of Korea is attached.
Contents
1 INTRODUCTIoN.. 3
2 ECONOMy AND
TRADE. 3
3 ECONOMIC
POLICY. 5
3.1 Core Values of Economic Policies: Innovation, Inclusion,
and Fairness. 5
3.2 Policies to Respond to the COVID-19 Pandemic: Korean New
Deal 5
3.3 Sectoral Policies. 6
3.3.1 Agriculture and Fisheries:
Implementation of the Agreement on Agriculture and
Systemic Management of Fisheries Resources. 6
3.3.2 Manufacturing: Becoming a Strong
Industrial Powerhouse. 7
3.3.3 Energy: Achieving Sustainable Growth
and Enhancing Quality of Life through
Energy Transition. 7
3.3.4 Services: Building the Foundation
for Trade in Services. 8
4 trade and investment policY. 8
4.1 Multilateral
Trade Cooperation. 8
4.1.1 WTO Negotiations. 8
4.1.2 Cooperation through Multilateral
Fora including the APEC. 9
4.1.3 Development Cooperation and Support
for Developing Countries. 10
4.2 Regional and Bilateral Trade
Cooperation. 11
4.2.1 FTA Policies. 11
4.2.2 New Southern and New Northern
Policies. 12
4.3 Trade Policies. 12
4.4 Investment Policies. 13
5 International
cooperation to respond to COVID-19. 13
6 THE WAY
fORWARD. 14