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임병호(Byeong-Ho Lim),조정란(Jun-Ran Cho) 한국관세학회 2021 관세학회지 Vol.22 No.3
As the RCEP adopts the flag state jurisdiction principle, it is expected that the EEZ(exclusive economic zone) will give a new meaning to RCEP member’s fisheries trade. Analysis method includes scenarios to give an exogenous shock to the endowment factors related to the EEZ. Since the adoption of the RCEP flag state jurisdiction would reduce the scope of the EEZ with the existing territorial waters, a scenario of reducing the land of the CGE model was established. As a result of the analysis, values and volumes in exports of all countries including China increased except Korea, which demonstrates that reduction in land (EEZ) has a greater effect on exports than increase in capital. Korea’s imports increased in all scenarios, but the increase in imports to compensate for the decrease in domestic production caused by the reducing EEZ has greater impacts on fisheries sector than import demand decrease resulting from more domestic capital input. Although RCEP flag state jurisdiction would bring both opportunity and risk factors, the opportunity should be emphasized for countries that could promote fishery activities in EEZs of other countries.