POLICY TO IMPROVE EFFICIENCY OF FTA APPLICATION FOR KOREA'S SMALL AND MEDIUM ENTERPRISES AND LESSONS FOR OTHER COUNTRIES

Abstract

Free Trade Agreements (FTAs) play an important role in the current global economic context, helping countries promote trade and investment, enhance competitiveness, ensure economic security, and promote sustainable economic development. However, not every country has been successful in taking advantage of the benefits of FTAs. One of the reasons for that is the weak capacity of domestic enterprises, especially small and medium enterprises. Korea has had very practical and effective policies to help increase approach to FTAs for these enterprises.

Keywords: SMEs, Korea, policy