ISDS Case Map
Korea
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.
"The aim of the talks will be to ensure the greatest possible protection for sensitive items, so that if a CEPA pact is signed, the fallout for local farmers can be minimized," a Korean ministry official said. He added that talks are entering the home stretch.
After clinching a deal for an FTA with ASEAN, India will move fast to complete negotiations in the next few months for pacts with Japan and South Korea that will open trade in goods as also services for Indian firms.
South Korea and India will resume trade talks next week in Seoul to sign an economic cooperation agreement.
Uruguay formally proposed its Mercosur partners to begin a round of negotiations geared to reach trade agreements with the European Union, United States, South Korea and Canada.
South Korea's Ministry of Foreign Affairs and Trade said the country has started assessing the impact of free-trade agreement (FTA) with Turkey, and is also seriously considering to start formal talks for FTA with Peru, Korea Herald reported Thursday.
The Bush administration, Republican lawmakers and business groups pressed House Speaker Nancy Pelosi on Wednesday to allow votes on free trade pacts with Colombia, Panama and South Korea by the end of the year.
