ISDS Case Map
Korea
A free trade agreement (FTA) between South Korea and Cambodia will go into effect as of November, the government said Friday.
The United States and South Korea began two days of trade talks on Tuesday, but plan to steer clear of auto industry provisions blocking Washington's approval of a bilateral free trade agreement, a U.S. official said.
The Foreign Ministry has again urged National Assembly lawmakers to pass the Korea-U.S. free trade agreement as soon as possible.
Trade ministers from South Korea and the European Union (EU) are expected to meet in Brussels early next month to iron out divisive issues related to their free trade negotiations, officials said Sunday.
"Regardless of who is in power federally, we cannot afford a free trade agreement with Korea," Canadian Auto Workers member Mike Byrne said, noting Korea sold 130,000 vehicles in Canada in 2005 and Canada sold 400 vehicles in Korea that same year.
Ambassador to Washington Lee Tae-sik says if the U.S. Congress fails to ratify the Korea-U.S. free trade agreement this year, the effort would resume after 2010.
South Korea and the European Union (EU) have reaffirmed that they will strike a free trade deal by the end of the year, a top Seoul trade official said Friday.
The Korean government is planning to ask for National Assembly approval of the Korea-US free trade agreement next week.
India and South Korea today said they have ironed out the differences over signing a free trade agreement in goods, services and investment and have agreed to sign the pact by end of the year.
A pending free trade agreement between the US and South Korea came under fire Wednesday, with a US senator and auto industry officials saying the deal would exacerbate the imbalance in auto trade between the countries and that the Korean government can't be trusted to honor the deal.
