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Korea has designated EU beef as an item prohibited to be imported by Sanitary and Phytosanitary Measures (SPS). However, the EU has continuously requested the opening of the beef market to Korea through the Korea-EU FTA/SPS meetings & Korea-EU trade commission. Given recent international negotiation trends on NTMs including SPS, EU beef might be expected to be imported in the near future. This study aims at presenting a practicable methodology to estimate economic effects of Sanitary and Phytosanitary Measures (SPS), particularly to analyze the effects of lifting an import ban on EU beef that has not been imported. We applied an ex-post assessment & dynamic analysis method using KREI-KASMO, and carried out a case study about EU beef. The results show that expected imports of EU beef depend on import price and the degree of quality when compared to other imported beef from countries such as the US, Australia & New Zealand. This study is expected to be used in researching basic analysis methods of strategies that can minimize Korea’s membership fee in SPS negotiations, and to contribute to the trade authorities’ policy-making. |
