ISDS Case Map
Korea
New Zealand and Korea's $2 billion two-way trade could be in danger of stagnating if New Zealand is shut out of future free trade agreements. However, it appears there is "little political will" in Korea to enter formal negotiations with New Zealand.
With low productivity and lack of competitiveness, Korea's service industry is expected to face a critical test as the result of a free trade agreement (FTA) with the United States.
Those outside Korea tend to assume that negotiations for a free-trade agreement (FTA) with the United States are the perfect tool to weaken the South Korean addiction to agricultural protection.
South Korea and the United States are holding behind the scenes negotiations to iron out differences ahead of a bilateral free trade agreement. One of many sticking points is whether the US will accept goods made in the joint-Korean Kaesong Industrial Complex as South Korean products.
The United States' free trade agreement (FTA) with South Korea will have more provisions than those with other countries to reflect unique barriers specific to the Asian nation, according to Wendy Cutler, assistant US Trade Representative and chief negotiator to the South Korea-US FTA (KORUS FTA) talks.
A large set of strategic economic and security questions will challenge both US and Chinese leaders over the next decade. These relate directly to the growth of Asian regionalism, with attendant political institutions, decisions regarding new regional trade and investment agreements, as well as a potential new security architecture for at least East and South Asia.
The two countries agreed to withhold some of the negotiation documents from the public for three years after the accord comes into effect.
Korea will need to end negotiations for a free trade agreement with the U.S. as it did with Japan if it cannot defend its “Maginot Line” -- protection for sensitive agricultural and service sectors -- Trade Minister Kim Hyun-chong said Monday.
When Korea and the United States enter formal negotiations for a free trade agreement in June, both countries are expected to begin a fight against time to meet a March 2007 target to conclude the talks.
South Korea will not rush through its free trade agreement (FTA) deal with the United States so as to make the bilateral pact a win-lose deal for Korea rather than a win-win treaty.
