ISDS Case Map
corporate interests
Following former trade minister Kim Hyun-jong, another former diplomat who played a key role in negotiations over the Korea-US Free Trade Agreement (KORUS FTA) has gone to work for Samsung. The Ministry of Foreign Affairs and Trade (MOFAT) stated on Sunday that 45-year-old Kim Won-gyeong, an economic adviser at the Korean Embassy to the United States, had submitted his resignation ahead of the regular February reshuffle. Though it has been reported that Kim will go to work as a director for Samsung Electronics America, a Samsung Electronics official said that talks were still in progress and nothing had been confirmed.
A proposal by President Barack Obama to reorganize US trade agencies would force together departments that have different missions, something industry groups say may diminish effectiveness.
"We need to negotiate more bilateral investment treaties. … India and China should be high on that list," said Thomas Donohue, president and CEO of the US Chamber of Commerce
For nearly two decades, Smithfield has used NAFTA and the forces it unleashed to become the world’s largest packer and processor of hogs and pork. But the conditions that helped Smithfield make high profits plunged thousands of rural Mexicans into poverty.
Under the Korea-US Free Trade Agreement (KORUS FTA), Korean civil servants would be excluded from the Health Insurance Review and Assessment Service (HIRA)’s process of price determination. Instead independent review procedures could be used to set prices for medicines and medical supplies. This has caused concern among health care groups who worry that multinational pharmaceutical companies could use the independent review procedure to change the Korean government’s medicine prices.
Fair trade is increasingly becoming a marketing strategy where the farmers’ poverty is a necessary ingredient to make consumers feel good about themselves
Business organizations on Tuesday hailed the parliamentary ratification of the Korea-U.S. free trade agreement as a major turning point in Korea’s economy and history of trade.
Corporations move in to further occupy the fair trade network
Google, Microsoft , Citigroup , IBM , GE and other top-tier American companies on Thursday urged the United States to fight for trade rules that protect the free flow of information over the Internet.
The Indian pharmaceuticals and chemicals industry will be among the biggest beneficiaries of a free trade agreement between the GCC and India, a leading banker in the region has said.
