ISDS Case Map
Korea
Korea and Peru agreed to hold the first round of FTA negotiations in March, the Korean Ministry of Foreign Affairs and Trade said
Free trade will be on the table when South Korean Foreign Minister Yu Myung-hwan meets his New Zealand counterpart Murray McCully this weekend. The men would consider a timeframe for starting negotiations towards a free trade agreement during talks on Sunday.
Hakubaku Australia has completed the largest ever export deal for Australian-made organic retail products into Korea with a $300,000 shipment of organic somen noodles to leading Korean food brand Sajo Haepyo, with the assistance of Austrade. This represents the second largest retail coverage for any Australian-made product behind Australian beef and shows the potential impacts of the proposed Australia-Korea FTA.
Car imports remain a major divisive issue. The EU wants South Korea to replace all its existing regulations for European imported cars with international standards.
The European Union should seek big reductions in tariffs and an end to rules that limit trade as part of its negotiations with South Korea on a free trade agreement, the E.U.'s main business group said in a letter released Monday.
Trade ministers from Korea and the European Union will meet in Seoul next week to iron out divisive issues related to a free trade deal, officials said yesterday.
Korea's top trade official said yesterday renegotiation of a free trade agreement with the United States would not be sensible, rejecting possible demand to amend the deal by the new administration of President-elect Barack Obama.
Thomas Donohue, the head of the U.S. Chamber of Commerce, said during his visit to Seoul yesterday there would be no “renegotiation” of the free trade agreement with Korea, while there could be some “adjustments” regarding the controversial auto issue.
South Korea and Japan will hold working-level discussions on resuming their negotiations on free trade agreement (FTA) while working closely to overcome the worldwide financial crisis now threatening both their economies, Yonhap News reported quoting Seoul's presidential office of Cheong Wa Dae Monday.
Microsoft has called for the incoming Barack Obama administration to push ahead with ratification of the pending free trade deal with Korea, saying it "establishes a foothold for the US in Asia."
