ISDS Case Map
Korea
The trade liberalization talks between Korea and the United States have passed a turning point but have made little agreements of substance. The third-round negotiations, which ended a four-day session in Seattle Saturday was another letdown, as each side sought to give the least and take the most.
The third round of free trade talks between Korea and the US saw some progress in key sectors like agriculture and textiles but failed to narrow differences on easing US anti-dumping measures.
The ruling Uri Party is divided over the recent decision by some of its National Assembly members to file charges that call the government's pursuit of a free trade agreement with the United States "one sided."
U.S. and South Korean negotiators concluded a challenging third round of trade talks in Seattle Saturday, with some progress but much ground to cover toward a proposed free-trade agreement between the two nations.
South Korea and the United States ended a third round of free trade talks on Saturday, acknowledging that they failed to make "practical progress" in certain "sensitive areas" such as automobiles, agricultural products and pharmaceuticals.
US and South Korean officials expressed disappointment on Saturday at the progress made during four days of tough trade negotiations aimed at clinching a proposed free trade agreement between the two countries.
The European Union said it will seek bilateral trade deals with China and Korea, exploring new ways of conquering foreign markets as talks over a global trade pact flounder.
At issue are commodities as varied as rice, apparel and automobiles, as well as lucrative new markets in banking and other financial services, with potentially billions of dollars in commerce at stake. But for several countries negotiating trade pacts with the US, the outcome may have less to do with economics than with American election-year politics.
Underneath the radar of the mainstream media, the US and South Korea are negotiating a “free trade agreement” that, if signed, will be the largest such agreement since NAFTA was passed in 1994. Hence, it's a massive issue for US and Korean workers, and has been arousing massive opposition.
Fresh from acclaim at the Cannes Film Festival for creating a South Korean "Jaws," the director Bong Joon Ho staged a lone protest outside the Culture Ministry in Seoul, shouting slogans and raising a red placard.
