ISDS Case Map
Korea
"The opponents of the FTA are fighting a ghost, as they have no knowledge of what the final outcome of the talks will be."
A Korea National Assembly committee said it would request data from the government regarding agricultural, fishing, and livestock products discussed at South Korea-US free trade agreement (FTA) negotiations.
NGOs such as the Oxford Committee for Famine Relief suggest a new FTA as an alternative of unfair trade situations. The new FTA is not a free trade agreement, but rather a "fair trade agreement."
A free trade agreement with the United States could have a profound impact on the regulatory environment of the Korean banking sector and reshape the industry's landscape, a think tank said yesterday.
The second round of formal free trade talks between Korea and the United States ended earlier than scheduled today, suggesting that the talks may have reached an impasse.
Negotiators from the United States have boycotted discussions on medicines in free trade talks with South Korea, in an apparent protest against Seoul's new drug-pricing move, Seoul's chief negotiator to the talks said Thursday.
Although the free trade agreement with the United States has been receiving the lion's share of the nation's attention, South Korea and India will continue free trade talks next week to discuss the timetable and extent of tariff reductions, Korea's Ministry of Agriculture and Forestry said Thursday.
South Korea and the US have agreed to establish a standing committee on sanitary standards for agricultural and food products, which will make it easier for the US to ask for expanded trade of genetically modified crops. However, negotiations on pharmaceuticals have hit a snag, with neither side willing to budge.
Massive protests against free-trade talks between Korea and the U.S. paralyzed traffic in downtown Seoul on Wednesday.
