Table 7: CKFTA Impact on Source of Canadian and Korean Merchandise Imports Under Alternative Closures, in 2001 US$ millions
Labour & capital fixed (i) | Labour flexible, capital fixed (ii) | Labour fixed, capital flexible(iii) | Labour & capital flexible (iv) | Central Scenario (v) | ||
Change in Canadian imports | ||||||
Korea | 852 | 858 | 859 | 891 | 856 | |
ROW | -538 | -455 | -510 | -161 | -433 | |
Total | 315 | 403 | 349 | 730 | 423 | |
Change in Korean imports | ||||||
Canada | 884 | 887 | 887 | 907 | 887 | |
ROW | -442 | -284 | -321 | 445 | -384 | |
Total | 442 | 604 | 566 | 1,352 | 502 |