ISDS Case Map
Korea
The National Assembly on Friday ratified a trade deal with India, called the Comprehensive Economic Partnership Agreement (CEPA), that will eliminate or reduce tariffs on over 4,000 Korean goods.
The United States Friday repeated its call on South Korea to make concessions for a wider opening of its auto market so the U.S. can ratify a pending bilateral free trade agreement, Yonhap News reported..
A bipartisan group of Congressmen has urged U.S. President Barack Obama to expedite the process for the ratification of a free trade deal with Korea pending for more than two years, the Yonhap said.
Accounts of free trade negotiations between Korea and the United States must be kept secret, a Seoul court ruled yesterday.
The governing and opposition parties have agreed to ratify a trade agreement with India at a plenary National Assembly session today, a parliamentary leader said Thursday.
Korea "will not and cannot accept" any request by the U.S. government to revise the bilateral free trade agreement signed in June 2007, an official at the Ministry for Foreign Affairs and Trade in Seoul said yesterday.
South Korean, Colombian and Panamanian officials said on Wednesday they hoped for U.S congressional approval of pending free trade agreements by the middle of 2010.
East Asian nations (ASEAN+3: China, Japan, Korea) are to carry out a feasibility study for a huge free trade zone, officials said at a summit Saturday. A separate study for a wider economic partnership also covering India, Australia and New Zealand (ASEAN+6) would be carried out in tandem.
There is no investment chapter or investor-state dispute settlement provisions in the Korea-EU FTA (competency for investment matters rests with the individual EU Member States), whereas KORUS features investor protections.
According to a draft of the free trade agreement between South Korea and the European Union, once the FTA takes effect, European beef that has a higher risk for mad cow disease than U.S. beef could be allowed into the country.
