ISDS Case Map
Korea
Democratic Party leader Sohn Hak-kyu apologized to the people for the chaos around the ratification of the Korea-EU free trade agreement, which he promised to support and then backed away from, stressing he wasn’t opposed to the deal itself, but was “against the insufficient bill.”
The National Assembly has ratified the free trade agreement with the European Union, which will allow the deal to take effect in July.
The Obama administration will request consultations with Korea on the possibility of wider access to the Korean beef market once their pending free trade deal comes into force.
The free trade agreement (FTA) with the European Union (EU) that was ratified by South Korea's parliament can boost exports of products made by local small and medium-sized enterprises (SMEs), a state-run trade promotion agency said Thursday.
Opposition parties face rough sailing to solidarity due to the conflict over the passage of the Korea-EU Free Trade Agreement bill Wednesday night.
The prospect of ratifying the free trade agreement between Korea and the European Union before the end of April legislative session appeared to have dimmed as the Democratic Party made clear its opposition.
South Korea and China are expected to launch free trade negotiations as early as June, an official said Thursday, setting in motion a process to tear down trade barriers between two of Asia's biggest economies.
The National Assembly’s Foreign Affairs and Trade Committee yesterday finally approved the country’s long-stalled free trade agreement with the European Union. But the DP quickly threw a wrench into the process.
The Cabinet agreed to revoke a ratification bill for the South Korea-U.S. free trade agreement on Thursday as multiple translation errors were found in the Korean text of the pact, the government said.
The Obama administration Wednesday reiterated that it will soon submit to Congress a pending free trade pact with South Korea, saying similar deals with Panama and Colombia will be sent later.
