The purpose of this paper is to analyze the history of trade policy in the U.S and the present situation of import restrictions against Korea and to suggest directions of trade relations between Korea and U.S and export strategies into U.S market.
Th...
The purpose of this paper is to analyze the history of trade policy in the U.S and the present situation of import restrictions against Korea and to suggest directions of trade relations between Korea and U.S and export strategies into U.S market.
Throughout the post-World War Ⅱ era, the United States has been the world staunchest supporter of open trade. In 1970ts, however, the trade policy of the U.S.turned into the tendency of protectionism on the basis of the change of comparative advantage type which resulted from the rise of NICs and the down of economic position in international economic relations attributed to the development of EC, Japan and continued deficit.
The domestic pressure for protection has much heightened for the increase of unemployment, the deterioration in balance of payments, business depression.
In response to these economic crises, the United States has applied various import restriction measures, that is, quantitative quata, the reduction of GSP, Safeguard, unfair trade practice restriction to foreign countries, expecially, NICs as like Korea. Therefore the growth rate in export to the U.S. has been shown the slow down tendency.
In order to cope with the various import restrictions of the U.S. and to expedite the export performance to the U.S. we must export strategies as follows.
First, we must reconsider the existed market strategy establish the product strategy, the distribution strategy suitable for individual unit market in terms of market segmentation.
Second, we must develope new distribution channel, that is, avoid export trade with wholesalers or retailer, intermediate distributor of manufacturer in U.S. and try to enter into direct business with final demander.
Third, we must design the support system to encourage the innovation and pursuit the diversification of exportable goods and high superior quality continuously.
Fourth, we must train marketing specialists in order to increase the export of technology intensive capital goods and heavy & chemical industry products.
Fifth, we must attempt the export-industrialization of small-medium enterprises and continue to expand diverse support-measures for developing exportable goods in small-medium enterprises.