ISDS Case Map
Korea
The Congressional Research Service, the research arm of the United States Congress, concluded in a recent report that the establishment of a "Committee on Outward Processing Zones on the Korean Peninsula" was a concession on the part of the US from its stance on products produced in North Korea, but that American negotiators yielded nothing of substance in free trade talks with South Korea.
South Korea and Australia will begin a joint study this year to explore a free trade agreement, a senior trade official said Wednesday.
South Korea hopes to wrap up a Comprehensive Economic Partnership Agreement (CEPA) with India by December 2007. The CEPA would encompass trade in goods and services and investment.
Korea and the European Union have finished their first round of free trade talks. They have agreed to the basic principle of eliminating tariffs on 95 percent of all their products and on industrial products in ten years. We hope to see these negotiations be prudent and thoroughly about looking after Korea's interest, which was not the case with FTA talks with the United States, which were forced through by a ticking clock set by the other side.
Washington plans to demand renegotiations on several areas of the Korea-US free trade agreement (FTA) signed on April 2, according to US media reports.
The Ministry of Education and Human Resources Development last week delivered materials to local educational offices to encourage them to promote the Korea-U.S. FTA, a move which has brought criticism from Korea's teachers' union, which says the move is biased and one-sided in nature.
South Korea and the European Union made good progress this week in their first round of negotiations to forge a major free trade pact, chief negotiators from both sides said on Friday, but they conceded sensitive issues were barely touched.
South Korea and the European Union were to wrap up their first round of free trade talks Friday with Seoul's negotiators expressing satisfaction over the week-long negotiations, but conceding sensitive issues were barely touched.
The American Insurance Association recently strongly praised the work of US trade negotiators who successfully concluded their talks on a Free Trade Agreement with Korea that will provide significant commercial gains for both countries.
The top U.S. diplomat urged Congress to approve the free trade agreement (FTA) with South Korea, saying failure to do so would send "a disastrous signal" to a region where the U.S. has to anchor peace and prosperity.
