Economic Integration in East Asia Through Resolution of Historical Conflicts
"It should be remembered that while pending issues between South Korea and Japan may 'spark prosperity' depending on the 'political will' of the leaders of both countries, they could also 'spark collective downfall."
With a recent increase in FTAs (Free Trade Agreements) among South Korea, China, and ASEAN (Association of Southeast Asian Nations) members, economic integration in East Asia is also coming under increasing discussion. South Korea, which hadn't been quite positive about integration of regional economies, has signed FTAs with Singapore, the EFTA (European Free Trade Association), the ASEAN, the United States, India, the EU (European Union), Peru, Turkey, and Columbia since its first FTA with Chile in February 2003, and is in the process of negotiating FTAs with Canada, Indonesia, China, Japan, and Vietnam.
Written by Choi Seung-hwan, Professor of Kyung Hee University Law School, President of the Korean Society of International Law