ISDS Case Map
Korea
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.
A successful conclusion to the free-trade agreement talks between Korea and the European Union will hinge on the EU's understanding of Korea's need for the duty drawback measure, Seoul's chief FTA negotiator said yesterday.
South Korea and the European Union (EU) failed to finalize their negotiations on a free trade deal. The failure comes as both sides were unable to narrow the gap on the so-called 'duty drawback issue,' although they ironed out differences in almost all other remaining areas.
U.S. President Barack Obama told South Korean President Lee Myung-bak on Thursday problems remain on a stalled free trade deal between the two countries but that he wants to make progress, a U.S. official said.
South Korea and the European Union failed on Thursday to finalize a free trade deal, South Korean officials here said, adding they would seek a way to conclude the deal. South Korean Trade Minister Kim Jong-hoon and his EU counterpart Catherine Ashton met here to narrow differences on some remaining sticky issues, including a so-called duty drawback scheme and rules of origin, but failed to wrap up the agreement.
Why is the South Korea-U.S. Free Trade Agreement (FTA) an issue again? The administration of President Lee Myung-bak is trying to use the global economic crisis to force its market fundamentalism on the country. The FTA is the final push.
On Wednesday, Korea and Chile will be celebrating the 5th anniversary since they signed the free trade agreement.
