Korea


Korea, ASEAN to kick off negotiations for improving bilateral FTA
Korea and the Association of Southeast Asian Nations (ASEAN) are set to commence official talks for upgrading their free trade agreement (FTA), as part of the ongoing effort to expand bilateral ties in emerging areas, such as digital economy and critical minerals.
Mexico, South Korea ditch FTA talks, pursue trade framework
Mexico and South Korea signed a Joint Ministerial Declaration to establish a formal trade and investment framework, pausing long-stalled FTA negotiations to focus on modernizing commercial ties. The agreement aims to reduce the impact of recent Mexican tariffs on Korean manufacturers and better position both nations ahead of the upcoming USMCA review.
S. Korea strikes free trade deal with Serbia, first with Balkan nation
South Korea and Serbia have signed a Comprehensive Economic Partnership Agreement (CEPA), marking South Korea's first trade pact with a Balkan nation. The agreement will eliminate tariffs on 90% of traded goods, boosting South Korea's exports of chips and electric vehicles while securing its supply of critical materials like lithium and cobalt.
India, South Korea form sub-groups on digital trade, supply chains as part of trade deal upgrade
The decision was taken during the 12th round of India-Korea CEPA upgrade negotiations held in New Delhi from May 25-27, according to a statement issued by the Ministry of Commerce and Industry on May 28.
India, South Korea begin next round of negotiations on upgrading trade pact
India and South Korea have begun the 12th round of negotiations to upgrade their Comprehensive Economic Partnership Agreement, amid concerns over India's widening trade deficit with the country.
Korea and ASEAN to strengthen supply chain cooperation... FTA digital rules to be revised
South Korean Trade Minister Yeo Han-Koo and the ASEAN Committee agreed to broaden economic cooperation beyond conventional manufacturing into a wider array of sectors. Additionally, they committed to upgrading the 2007 Korea-ASEAN Free Trade Agreement (FTA) by integrating digital trade rules, targeting tangible results by 2027.
Rabat & Seoul discuss comprehensive economic partnership agreement
Korea and Morocco have agreed to launch negotiations on comprehensive economic partnership agreement (CEPA) to boost economic cooperation, trade and investment, said Korean news agency Yonhap.
Bangladesh moves to sign FTA with S Korea
Commerce Minister Khandakar Abdul Muktadir said Bangladesh is moving forward with discussions to sign a Free Trade Agreement with South Korea to boost exports and strengthen bilateral trade ties.
Trade minister to visit Mexico next week to expand outreach for FTA negotiations
Trade Minister Yeo Han-koo he will visit Mexico next week as part of a concerted effort to broaden outreach for the resumption of free trade agreement negotiations between South Korea and Mexico.
India, South Korea likely to hold FTA review talks on May 25
India and South Korea will meet on May 25 to review their economic partnership agreement. India has proposed negotiating a new bilateral trade agreement. This aims to address the widening trade deficit. The two nations seek to double their commerce by 2030. They also want a more balanced trade relationship.