ISDS Case Map
Korea
It has finally been revealed in Korea that the biggest reason that the implementation of the low-carbon vehicle incentive system has been delayed to 2015 was the South Korea-United States Free Trade Agreement (KORUS FTA). Concerns that the KORUS FTA would endanger not only legal but also legislative sovereignty and jeopardize Korea’s ability to create and enforce public policies are being realized.
Steel products should be excluded from the ambit of FTA with Japan and Korea as these countries are flooding the Indian market, taking advantage of concessional duty rates at the cost of domestic firms, industry body Assocham said today.
One of the most popular and outspoken Colombian senators on Tuesday rebuked the pending free trade agreement (FTA) between Colombia and South Korea on the grounds that it undermines industrial potential.
The Korean government is fighting a ISD suit by US based private equity fund Lone Star. The ISD suit was established through Lone Star's paper company in Belgium and initiated through an investment treaty between Belgium and South Korea.
The article discusses a blunder in the Korean government in failing to include an anti-paper company clause that is now allowing companies to use the Belgium investment treaty as a backdoor for ISD suits.
India’s free trade agreement (FTA) with the 10-member Association of Southeast Asian Nations ( Asean), which kicked off for trade in goods from 2010, is an important building block of its Look East policy, and its efforts to integrate with a wider pan-Asian economic community encompassing China, Japan and Korea.
The finance ministry said that the South Korean government rejects Lone Star's accusations regarding this dispute, noting that the government has been preparing for trial. It added that the government will pay full attention to the arbitration proceedings and will aggressively defend its self against Lone Star's unjust accusations.
South Korea's vice finance minister on Saturday stressed the importance of boosting investment between Seoul and Washington to fully utilize their free trade agreement.
Over 200 business leaders from China, Japan and South Korea gathered in Seoul to further promote and commemorate the launch of the trilateral free trade negotiations.
On Thursday, a group of farmers, fishermen and livestock raisers staged performances in front of the Ministry of Foreign Affairs and Trade building in central Seoul, condemning the official start of free trade negotiations between Korea and China.
