Economic interaction mechanisms of the Northeast Asia countries
DOI:
https://doi.org/10.24866/2542-1611/2024-4/114-128Keywords:
trade in goods and services, foreign direct investment, barriers, integration format, cooperation agreement, China, Japan, Republic of Korea, Russia, Mongolia, DPRKAbstract
The mechanisms of trade and investment interaction in North-East Asia (NEA) are shown. The difficulties in creating CJK FTA between the have been identified, caused by the lack of consensus between Japan on the one hand and China and the Republic of Korea on the other. At the same time, Japan, China and the Republic of Korea have made significant progress in reducing barriers to investment integration. It was revealed that the Republic of Korea was very active in creating integration formats with foreign countries to access the world's largest markets. The reasons for the lack of motivation for Russia and Mongolia to reduce barriers with the NEA countries are indicated. The specifics of the DPRK economy, which hinder the expansion of international trade and investment cooperation, are shown.
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