Korea and Colombia will launch formal negotiations next month to seal a free trade agreement (FTA) as part of efforts to boost bilateral trade, Seoul’s trade ministry said yesterday.
More than twenty thousand South Korean farmers rallied on Tuesday to denounce free trade with the United States, ahead of US President Barack Obama’s visit to the country.
U.S. President Barack Obama will discuss the timetable for the ratification of the pending free trade deal with South Korea when he visits Seoul next week, a senior aid to Obama said Saturday.
South Korean President Lee Myung-bak and visiting Chilean President Michelle Bachelet agreed Wednesday to revise a free trade agreement (FTA) between their countries to reflect changed conditions since the deal was signed five years ago.
Korea wraps up today a high-level meeting with representatives of Latin American countries where discussion centered on how the two sides may pursue mutual interests.
U.S. President Barack Obama arrives in Korea on Nov. 18, but discord over the ratification of the bilateral free trade agreement with Korea is rising in the U.S.
The National Assembly on Friday ratified a trade deal with India, called the Comprehensive Economic Partnership Agreement (CEPA), that will eliminate or reduce tariffs on over 4,000 Korean goods.
The United States Friday repeated its call on South Korea to make concessions for a wider opening of its auto market so the U.S. can ratify a pending bilateral free trade agreement, Yonhap News reported..
A bipartisan group of Congressmen has urged U.S. President Barack Obama to expedite the process for the ratification of a free trade deal with Korea pending for more than two years, the Yonhap said.