Study on the Impact of RCEP Tariff Reduction on Shandong Province's Export to ROK

This paper aims to analyze the impact path of tax reduction in the Regional Comprehensive Economic Partnership Agreement (RCEP) on Shandong's export to South Korea. The signing and entry into force of RCEP provides new trade opportunities for Shandong Province, but also brings challenges. By analyzing the current situation of Shandong Province's export to South Korea, this paper discusses the direct and indirect impact of RCEP tax reduction on Shandong Province's export, and puts forward the corresponding development path. The study found that RCEP's tax reduction measures significantly promoted Shandong's export to South Korea, especially in the fields of chemical products, clothing, and plastic products. However, Shandong also faces challenges from the relocation of low-end industries and a lack of understanding of the rules of the agreement. Therefore, Shandong Province needs to promote institutional innovation and strengthen industrial cooperation with Japan and South Korea to make full use of the policy dividends brought by RCEP and achieve sustainable economic development.