ISDS Case Map
Korea
The Korean government revealed its intention to open the agricultural sector during the first round of the so-called “second phase negotiations” for a free trade agreement between South Korea and China, showing its will to accelerate the FTA negotiation.
In March 2012, the South Korea- US KORUS FTA eliminated a 24 per cent tariffs on US cherries. By the end of 2012, 5,897 tonnes of US cherries had been exported to South Korea, almost double the quantity the previous year.
The man tasked with finalising three major free trade agreements for Australia within 12 months says he's hopeful it can be done.
The free trade agreement between Australia and South Korea is now "exceedingly close" after a sticking point was removed by the Abbott government, Seoul's lead negotiator said yesterday.
Australia could finalise a free-trade agreement with South Korea within months, with a Korean government official telling Crikey a deal is expected before the G20 meeting next year.
South Korea is considering a free trade agreement (FTA) partnership with Malaysia in order to spur its bilateral relations with the country
“Basically, our thinking is that we need to take part in the TPP, but we have to consider very seriously when is the right time,” Cho Won-dong, the chief economic adviser to the president, told the Financial Times, stressing that no final decision had been taken.
So far, 40 Korean companies have claimed damage from the country's FTAs, with 18 of them claiming damage from the Korea-EU FTA. Out of the total, 30 have been awarded damage.
South Korea has decided to join the US-led Trans-Pacific Partnership and is studying the schedule and potential impact, a Seoul daily reported Monday, citing a high-ranking South Korean government official.
South Korea and Vietnam agreed Monday to conclude a bilateral free trade agreement next year and cooperate closely for nuclear power development in the Southeast Asian nation.
