The three chapters of this report cover an assessment on the impacts of China ’s accession to the WTO (World Trade Organization), an analysis on Free Trade Areas in China, Japan and Korea, and an analysis on the perspectives and issues of Japanese and Korean direct investment in China, with a focus on technology transfer. These three areas represent the major issues related to the trend toward liberalized trade and investment in Northeast Asia. | Toward Trade and Investment Liberalization Among China Japan and Korea - China s WTO Accession and Regional Integration in Northeast Asia - CABINET OFFICE GOVERNMENT OF JAPAN DECEMBER 20 2001 Table of Contents Executive Summary ------------------------------------------------------------------ 1 Introduction ----------------------------------------------------------------------- 4 Chapter 1 China s WTO Accession Its Impact on and Implications for the Chinese Japanese and Korean Economies ---------------------------- 7 Section 1 Liberalization Measures Accompanying China s WTO Accession ---------- 7 Section 2 Expectations of Chinese Companies and Foreign Companies in China ----10 Section 3 Model Simulation Results ---------------------------------------------15 Section 4 Conclusions and Policy Implications ---------------------------------20 Chapter 2 Analysis on Free Trade Areas for China Japan and Korea ----------------23 Section 1 China Japan and Korea Facing the Challenge of Worldwide Regionalism --- 23 Section 2 Current Status of Intra-Regional Trade ------------------------------25 Section 3 Model Simulation Results --------------------------------------------28 Section 4 Conclusions and Policy Implications --------------------------------- 30 Chapter 3 Direct Investment in Northeast Asia - Perspectives and Issues - --------33 Section 1 Trends in Direct Investment -----------------------------------------33 Section 2 Status of Foreign Companies in China --------------------------------35 Section 3 Technology Transfer through Foreign Companies in China --------------38 Section 4 Conclusions and Policy Implications --------------------------------- 42 Concluding Remarks - Issues for Further Joint-Research------------------------------46 Tables and Figures 47 Executive Summary The three chapters of this report cover an assessment on the impacts of China s accession to the WTO World Trade Organization an analysis on Free Trade Areas in China Japan and Korea and an
