Japan and South Korea's engagement in the Chinese market post-RCEP implementation: A case study of the semiconductor industry

Yuxin Peng (Ph.D. student at Ritsumeikan University)
{"title":"Japan and South Korea's engagement in the Chinese market post-RCEP implementation: A case study of the semiconductor industry","authors":"Yuxin Peng (Ph.D. student at Ritsumeikan University)","doi":"10.1016/j.aglobe.2024.100085","DOIUrl":null,"url":null,"abstract":"<div><p>After the RCEP implementation in 2022, trade differences emerged between Japan and South Korea with China, especially in semiconductors. Japan's exports to China declined, while South Korea's grew. This study uses qualitative and quantitative methods to explain post-RCEP semiconductor trade differences, focusing on value chain complementarity, new tariff rates, and U.S. factors. Three conclusions: 1) Within the global value chain, the different positions of Japan and South Korea in the semiconductor sectors compared to China result in varying levels of market complementarity between Japan and China and South Korea and China; South Korea, in particular, exhibits a significantly higher potential market. 2) In terms of reducing tariff barriers under RCEP, compared to Japan, South Korea experienced a more substantial decline in semiconductor tariff rates in the Chinese market. 3) The non-tariff barrier sanctions imposed by the United States on Chinese semiconductors in 2022 influenced trade choices for Japan and South Korea. Japan, being more loyal to the United States, tends to align with U.S. policies, leading to a reduction in semiconductor trade with China.</p></div>","PeriodicalId":100126,"journal":{"name":"Asia and the Global Economy","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2024-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2667111524000094/pdfft?md5=a0af832f82ea4a06e998fabeb950aa3c&pid=1-s2.0-S2667111524000094-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asia and the Global Economy","FirstCategoryId":"1085","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S2667111524000094","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0

Abstract

After the RCEP implementation in 2022, trade differences emerged between Japan and South Korea with China, especially in semiconductors. Japan's exports to China declined, while South Korea's grew. This study uses qualitative and quantitative methods to explain post-RCEP semiconductor trade differences, focusing on value chain complementarity, new tariff rates, and U.S. factors. Three conclusions: 1) Within the global value chain, the different positions of Japan and South Korea in the semiconductor sectors compared to China result in varying levels of market complementarity between Japan and China and South Korea and China; South Korea, in particular, exhibits a significantly higher potential market. 2) In terms of reducing tariff barriers under RCEP, compared to Japan, South Korea experienced a more substantial decline in semiconductor tariff rates in the Chinese market. 3) The non-tariff barrier sanctions imposed by the United States on Chinese semiconductors in 2022 influenced trade choices for Japan and South Korea. Japan, being more loyal to the United States, tends to align with U.S. policies, leading to a reduction in semiconductor trade with China.

实施《关于建立更紧密经贸关系的安排》后日本和韩国在中国市场的参与情况:半导体行业案例研究
2022 年 RCEP 实施后,日本和韩国与中国的贸易出现了差异,尤其是在半导体方面。日本对华出口下降,而韩国对华出口增长。本研究采用定性和定量方法来解释 RCEP 后的半导体贸易差异,重点关注价值链互补性、新关税税率和美国因素。研究得出三个结论1)在全球价值链中,与中国相比,日本和韩国在半导体行业的地位不同,导致日本与中国、韩国与中国之间的市场互补性程度不同;尤其是韩国,其潜在市场明显更高。2) 在 RCEP 框架下降低关税壁垒方面,与日本相比,韩国在中国市场的半导体关税税率下降幅度更大。3) 2022 年美国对中国半导体实施的非关税壁垒制裁影响了日本和韩国的贸易选择。日本更忠于美国,倾向于与美国政策保持一致,导致与中国的半导体贸易减少。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信