ISDS Case Map
Korea
A free trade pact with the European Union (EU) is expected to hurt South Korea's alcoholic beverage, meat and dairy sectors, a report by Nonghyup Management Institute, a semi-official research institute. said Monday.
Bilateral free trade agreements do not contradict efforts to forge a multilateral deal under the World Trade Organization but instead help fill key gaps, the European Union trade chief said Sunday in announcing the start of two-way negotiations with South Korea.
Upcoming presidential and parliamentary elections in South Korea cast uncertainties about the ratification of a free trade agreement (FTA) with the United States despite encouraging poll results in recent days, a US congressional report said.
South Korea and the United States are scheduled to disclose the full text of their free trade agreement (FTA) around May 20, a top aide to President Roh Moo-hyun said Thursday.
South Korea and the United States have yet to ratify a bilateral free trade agreement (FTA), but South Korean beef producers are already in a state of collapse. Wholesale prices of South Korean beef, or hanu, continue to plunge as producers dump beef on the market, fearing over an influx of American and Canadian beef.
Canadian exporters are facing discrimination in Latin America and elsewhere because of exclusive trade pacts the United States has with those countries, Trade Minister David Emerson has complained.
South Korea will lift its ban on Canadian beef within the next three weeks, allowing the two countries to complete a free-trade agreement in the near future, Foreign Affairs Minister Peter MacKay predicted yesterday.
Korea's two umbrella labor groups are split about the free trade agreement with the United States. KCTU is against the FTA altogether. FKTU has taken the position that the agreement needs "followup" measures.
After signing a free trade agreement with South Korea, negotiations are underway at the 13th Asean Economic Ministers (AEM) Retreat, for Japan to be next on the list to sign the deal with the South East Asian Nations grouping.
This newspaper carried out telephone interviews over the prospects of the Korea-U.S. Free Trade Agreement (FTA) passing through the U.S. Congress with four experts: Jeffrey J. Schott, a senior fellow with the Institute for International Economics; Claude Barfield, a resident scholar at American Enterprise Institute; Larry Allen Niksch, a Specialist in Asian Affairs with the Congressional Research Service of the Library of Congress, and Anthony B. Kim, a research associate in the Center for International Trade and Economics at the Heritage Foundation.
