ISDS Case Map
Korea
Korea's National Assembly is locked in an impasse with the ruling and the opposition parties showing no signs of backing down from their position on the long-stalled Korea-US free trade agreement (KORUS FTA).
The two countries engaged in intensive discussion on outstanding issues in the areas of trade in goods, trade remedies, intellectual property rights, investment, rules of origin, cooperation, and sanitary and phytosanitary measures.
South Korea's opposition party has said it will resist any bid to force a sweeping free-trade agreement with the US through parliament, following ratification of the deal by US congress.
Economic officials said Thursday that a free trade agreement (FTA) approved a day earlier between the United States and South Korea will have an impact on local companies to the tune of around US$11.84 billion per year. The Bureau of Foreign Trade (BOFT) said the U.S.-Korea pact will influence 34.1 percent of all Taiwan-made products exported to the U.S.
The U.S. Congress approved free-trade agreements with South Korea, Colombia and Panama, bringing an end to years of stalemate and offering what supporters said was the biggest opportunity for exporters in decades.
President Lee Myung-bak’s upcoming state visit to the United States is expected to receive a warmer reception than ever before ahead of the impending endorsement of a free trade agreement (KORUS FTA) between the two countries.
Taiwanese industries must prepare themselves for the impact of an upcoming free-trade agreement (FTA) between the US and South Korea, which might hurt local business opportunities in the US market, the Bureau of Foreign Trade (BOFT) said.
The AFL-CIO, the nation's largest labor federation, opposes all three agreements and will hold a Capitol Hill demonstration Tuesday to protest them. But the short timeline mapped out for passage gives opponents little time to block the deals.
The Korea Federation of Retail Organizations plans to hold a nationwide rally at the end of this month to call for protection measures related to the free trade pacts with the European Union and the United States.
The implementation of the signed free trade agreement (FTA) with the United States will likely cause billions of dollars in damages to South Korea's farming industry, a government report showed Tuesday.
