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The effects of the European Union-South Korean Free Trade Agreement for Romanian companies

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The effects of the European Union-South Korean Free Trade Agreement for Romanian companies

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Samenvatting

This report provides an analysis and evaluation of the current and prospective effects of the EU – Korean Free Trade Agreement on Romanian companies. This analysis consists in evaluating the implementation of the Free Trade Agreement, the issues it has encountered and the change in trade.
The research draws attention to the positive benefits that the EU-South Korea FTA has brought during the two years of operation. A further investigation reveals the importance of the FTA for Romanian exporters, and studies the Romanian presence in the Korean market. Moreover, even though information regarding the European Union as a whole is available, it argues the lack of statistics and data for Romania.
The report finds that prospects of Romanian companies acting in the Korean market are currently not positive. The major areas of weakness entail additional examination and curative action by the governments of both countries involved.
This thesis also draws attention to the fact that the conducted study has limitations. Some of the restrictions include the lack of information available and the nonexistence of any Romanian company active momentarily in the South Korean market. Due to not enough details being available the known results are based on past performances not present (last year).
Recommendations discussed include:
 More governmental involvement;
 Better presentation of the market and its opportunities;
 Sectors which Romanian companies and products could tackle.

Toon meer
OrganisatieDe Haagse Hogeschool
AfdelingESC Europese Studies / European Studies
Jaar2014
TypeBachelor
TaalEngels

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