ISDS Case Map
Korea
Few would be surprised if the ruling Grand National Party resorted to its majority power to ram the Korea-U.S. free trade agreement bill through the National Assembly at any time. The GNP must believe it has accumulated enough justification to do so while the main opposition party has weak logic to ask for public support for its rejection of the bill. Rep. Chung Dong-young is in the center of the DP’s illogical and unreasonable behavior in the KORUS FTA tussle.
Seoul has inched closer to endorsing the Korea-U.S. free trade agreement (KORUS FTA), with the ruling camp pushing to make it a done deal by the end of the month despite resistance from the opposition parties.
South Korea and Indonesia agreed to significantly boost their economic ties, a move that will include the signing of a free trade deal at an early date, the Seoul government said Monday.
Japanese Prime Minister Yoshihiko Noda and South Korean President Lee Myung Bak agreed Wednesday to speed up working-level talks to resume bilateral free trade negotiations.
Korea's Democratic Party has set as its platform an approach of blocking the ratification of the US-Korea FTA through any means necessary if its preconditions are not met.
With the US Congress approving its free trade deal with South Korea last week, Canadian pork could soon be shut out of its third largest market.
Korea's National Assembly is locked in an impasse with the ruling and the opposition parties showing no signs of backing down from their position on the long-stalled Korea-US free trade agreement (KORUS FTA).
The two countries engaged in intensive discussion on outstanding issues in the areas of trade in goods, trade remedies, intellectual property rights, investment, rules of origin, cooperation, and sanitary and phytosanitary measures.
South Korea's opposition party has said it will resist any bid to force a sweeping free-trade agreement with the US through parliament, following ratification of the deal by US congress.
Economic officials said Thursday that a free trade agreement (FTA) approved a day earlier between the United States and South Korea will have an impact on local companies to the tune of around US$11.84 billion per year. The Bureau of Foreign Trade (BOFT) said the U.S.-Korea pact will influence 34.1 percent of all Taiwan-made products exported to the U.S.
