ISDS Case Map
Korea
President Barack Obama faced increased pressure on Thursday to win approval of a free trade deal with South Korea after the European Union locked up its own pact with Asia's third-largest market.
The European Union and South Korea on Thursday signed a free trade deal which Brussels said would be worth 19 billion euros (28 billion dollars) in new trade for EU exporters.
Last weekend's news that South Korea and China had agreed to begin serious negotiations aimed at forging a free trade deal took many analysts by surprise, leading some to ask: What's in it for Seoul?
A free trade pact between Korea and China is expected to pick up pace after the two countries on Saturday agreed to consider the deal. But a bumpy road is expected because of sensitive issues, such as agriculture.
A free trade agreement between Korea and the European Union will eventually increase bilateral trade by about 20 percent if it is fully implemented, British Business Secretary Peter Mandelson estimated yesterday.
Indonesia is upbeat on its growing trade with China, South Korea, India, Australia and New Zealand following plans to set up Free Trade Area (FTA) pacts with those countries under the Association of Southeast Asia Nations (Asean) agreement and by bilateral agreements, a senior official at the Indonesian Trade Ministry said here on Monday.
President Barack Obama has expressed concerns about an imbalance in auto trade and restricted shipments of US beef.
European auto manufacturers on Monday urged Brussels not to sign a free trade agreement with South Korea due to be inked over the coming days.
A parliamentary committee on Monday approved a comprehensive trade agreement with India that would eliminate or reduce tariffs on over 4,400 Korean products exported to the Asian nation, Yonhap news reported.
South Korea will develop 100,000 ha of farmland in Tanzania and make inroads into European markets, thanks to the EU-Korean FTA, a state-run rural development corporation said Thursday.
