FTA is an agreement to reduce the duty of the article and the wall of the service trade between a specific nation and areas and to abolish it. WTO is a place enforcing that make a rule to have dealings freely in member nations. It is possible that the FTA carries out the liberalization more than the standards that can be realized under WTO between a limited relative country and the reinforcement of economic relations. The FTA will be said to be an agreement to make up for WTO.
We must make an effort to reduce competition legal dispute possibility to occur by a difference of an economic environment by difference in competition law of each country when FTA is concluded.
I am going to show the solution for the several kinds pending problems in the competition policy when Korea-China FTA will be concluded.
First, it is necessary to prepare for item competition articles in an FTA rule for the solution of the competition legal problem.
Second, it is necessary to do rules reasonably for a monopoly and the national enterprise.
Third, the competition charge administration of the two countries must regulate M&A under a competition legal purpose. You must not regulate M&A under a non-economic purpose.
Fourth, When intellectual property righter abuse his rights must become the application object of the competition law.
In the near future, I expect the two countries can achieve desirable FTA as a genuine economic community.