Political pressure grew on President Barack Obama to reconsider pending trade deals with Panama, Colombia and South Korea as over 100 lawmakers called on Wednesday for a massive revamp of US trade policy.
ASEAN and South Korea completed their Framework Agreement on Comprehensive Economic Cooperation with the signing of the ASEAN-Korea Investment Agreement in Jeju Island, Tuesday.
Leaders from the European Union and South Korea called for a quick conclusion to the ongoing discussions over a free trade agreement after a summit between the two sides in Seoul on Saturday (23 May) failed to produce a breakthrough.
Assurances by the Korean Government, that agriculture will be included in a Free Trade Agreement with Australia, is sure to please local beef producers.
The Obama administration is carrying out a thorough review of the agreement formulated during President George W. Bush's term and will be consulting "extensively" with Congress and other stakeholders, officials sa