Meat & Wool New Zealand describes the prospect of a free trade agreement between New Zealand and South Korea as a "big deal" for domestic beef producers.
Ruling and opposition party lawmakers have tentatively agreed to postpone until April a decision on ratifying the Korea-U.S. free trade agreement concluded in 2007.
South Korea's President Lee Myung-bak Lee will announce the start of formal negotiations towards a free trade agreement with Australia in Canberra on Thursday.
South Korean President Lee Myung-bak put on an impressive show in Auckland yesterday as he talked tough about the necessity for world leaders not to fall prey to anti-protectionist forces.
The National Assembly passed a bill yesterday allowing law firms from the United States and countries that have free trade agreements with South Korea to set up local branches to provide legal consulting services.
President Barack Obama plans to ask Congress to approve a long-delayed free-trade agreement with Panama and work to resolve remaining issues with the South Korea and Colombia accords so they can be ratified.
South Korea and the European Union (EU) will hold a high-level meeting in Brussels this week to settle controversial issues such as auto trade and rules of origin in their free trade negotiations
The judiciary subcommittee of South Korea's parliament Wednesday endorsed a government bill to ratify a free trade pact with the United States. The bill still requires approval by the subcommittees for foreign affairs, trade and unification, before it is submitted to a plenary session of the National Assembly for ratification.