The European Parliament's International Trade Committee gave its approval on Wednesday to draft legislation implementing a safeguard clause in the EU-South Korea free trade agreement (FTA).
An OECD report shows that as of end May, Korea had 106 international investment agreements, most being bilateral deals.This puts Korea in a tie with the United States
The US government is accused of having double standards in its policies with Korea ― it is trying to further open the local beef market while delaying ratification of the free trade agreement (KORUS-FTA) the two signed.
Masahiko Yamada, Japan's new agriculture minister, has blogged about how the Australian free trade agreement would destroy Japanese agriculture. Australian farm industry leaders are in Tokyo trying to change his mind.
Foreign investors will be able to invest in mainland China via Taiwan under the protection of the economic cooperation framework agreement, well ahead of any deal with South Korea, the Taiwanese argue.
The Gulf Cooperation Council (GCC) and South Korea have taken big strides toward concluding free trade negotiations, although there are some remaining issues to be resolved, Yonhap News Agency reported the council's visiting secretary general as saying Monday.