ISDS Case Map
Korea
A South Korean lawmaker says a parliamentary committee has approved a free trade agreement with the United States, paving the way for the deal to be voted on by the entire legislature.
The Korean National Assembly Foreign Affairs and Trade Committee will vote on a motion to forward a free trade pact signed with the US government to the full Assembly for ratification.
"Inside US Trade", an American magazine, last Saturday quoted sources as saying NSC officials believe that the passage of the FTA bill will cement the Korea-U.S. alliance at a time when tension is mounting on the Korean Peninsula in the wake of North Korea's launch of a long-range rocket.
How the US President Obama administration deals with General Motors will determine the fate of the free trade agreement between Korea and the United States, the former first deputy managing director of the International Monetary Fund (IMF) said.
The Obama administration and the US Congress should approve and implement the still un-ratified Korea-US free trade agreement (KORUS FTA) as early as possible, and consider how the business community can help respond to potential humanitarian crises in North Korea, two major US business lobby groups closely linked to Korea said Tuesday.
South Korea expects new talks with the United States next month on ratifying a free trade pact, its trade minister said, adding Washington now seems more in favour of the deal.
The office of US Trade Representative (USTR) wants a free trade pact with South Korea to be ratified without renegotiation, unlike the US Democrats who are calling for an amendment
Trade Minister Stockwell Day, in Asia on a 10-day mission, took steps Thursday to improve Canada's trading partnerships in the region even as relations with South Korea worsened over that country's "unjustified ban" of Canadian beef.
New South Korean Ambassador Ha Chan-ho says the financial crisis has put the brakes to finishing the Canada-Korea free trade agreement.
South Korea's investments into the UAE will rise by 400 per cent while trade volume will expand by 50 per cent in next one year, once the free trade agreement is signed between the GCC and Seoul, a senior official said.
