GDP Projected to Grow 0.38% over 10 Years Following CPTPP Membership
5 Articles
5 Articles
The government projects that joining the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) will lead to an annual average annual increase in domestic manufacturing production in the 6 trillion won range, while production in the agriculture, forestry, and fisheries sectors will decrease by approximately 850 billion won. Compared to four years ago, there is no significant difference in the increase in the manufacturing sector, but th…
GDP projected to grow 0.38% over 10 years following CPTPP membership
Korea's economy is projected to grow by 0.38 percent over the 10 years following its potential membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the industry ministry said Monday. The government released the projection after conducting a comprehensive analysis of the potential impact of Korea's CPTPP membership on the macroeconomy, manufacturing and small and medium-sized enterprises (SMEs), as well…
The government announced on the 28th the results of an analysis showing that if South Korea joins the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), production in agriculture, livestock, fisheries, and forestry will decrease by an annual average of approximately 850 billion won over 15 years, totaling 13 trillion won. The CPTPP is a free trade agreement (FTA) involving countries in the Asia-Pacific region. Currently, 12 countri…
(Seoul = Yonhap News) Reporter Shin Chang-yong = If the government joins the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) currently being pursued, the actual gross domestic... 10 years after the agreement enters into force
If Korea joins the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), its Gross Domestic Product (GDP) will be 0 10 years after the agreement comes into effect.
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