ISDS Case Map
Korea
South Korea and the European Union on Tuesday reached a tentative agreement to scrap tariffs on goods traded between them, a deal that, if ratified, would send a strong signal on free trade at a time of rising protectionist tendencies.
Negotiators of South Korea and the European Union (EU) reached a tentative agreement on Tuesday over their free trade agreement (FTA), South Korea's Yonhap News Agency reported.
Lee Hae-young, a professor of international trade at Hanshin University, has proposed that the South Korean government renegotiate the free trade agreement between South Korea and the United States, saying the government should embrace repeated requests for renegotiation from the United States as a chance to review provisions it feels are unfair.
If ratified, the agreement will create the world's second-largest free trade zone after NAFTA and create pressure to ratify the US-Korea FTA.
The North Korean city of Gaesung will emerge as a major beneficiary of the India-South Korea comprehensive economic partnership agreement (CEPA) which is likely to be signed soon
South Korea and Peru will start their first round of free trade negotiations in Seoul next week, South Korea's Ministry of Foreign Affairs and Trade said Friday.
Panama, Colombia and South Korea need to resolve a number of outstanding concerns before Congress will approve free trade pacts with each of those countries, a US lawmaker said on Wednesday.
South Korea is pushing for the G20 countries to support a moratorium on new import tariffs at next month's meeting, according to President Lee Myung-bak.
The US trade representative-designate on Monday said Washington's free trade agreement with Seoul was unfair in its current state and warned his government could ditch the deal. The FTA "as it is just simply isn't fair, and if we don't get that right we'll be prepared to step away from that," Ron Kirk said in his confirmation hearing at the US Senate Finance Committee.
The European Union's trade chief is confident she can convince member states to back a free trade pact with Korea, despite fierce opposition from the bloc's embattled car industry.
