ISDS Case Map
Korea
Call it the GCC effect. Apprehending stiff competition for the domestic petroleum industry - which has significant public sector presence - once India signs a free trade agreement with the Gulf Co-operation Council (GCC), the petroleum ministry has opposed inclusion of tariff cuts on petro products in the comprehensive economic partnership agreement (CEPA) being negotiated with South Korea.
The US has officially requested additional negotiations on an already concluded free trade agreement with Korea. It wants to renegotiate seven sectors -- labor, environment, essential security, pharmaceuticals, government procurement, harbor safety and investment. But critical issues that could hurt the balance of negotiations like cars and the inter-Korean Kaesong Industrial Complex are not on the agenda, the government believes.
The United States has proposed revisions for a free trade agreement with South Korea to reflect Washington's new guidelines that call for stricter labor and environmental standards, officials said Saturday.
On April 2, the first US congressional hearing after the Korea-US Free Trade Agreement was concluded and was a complaint-filled affair.
International Trade Minister David Emerson says the successful completion of Canada's first free trade deal in six years will signal the country's re-emergence as a player on the global trade scene.
The price of Korean cattle fell for the first time in eight years below that of bulls. The drop is largely attributable to concerns that the cattle market will likely be hard-hit by a recently signed free trade agreement (FTA) between South Korea and the United States.
Senior U.S. diplomatic and trade officials told a congressional panel Wednesday that a free trade agreement with South Korea is important for U.S. interests in Asia.
On April 1, the US and South Korea signed a free trade agreement (FTA), the most important such pact for both countries in a long time. At stake is a bilateral trade of $70bn, the alleviation of a US deficit of over $13bn, and a potential model for more open markets in other Asian countries.
The South Korean government has yet to receive a formal US request for additional negotiations on a tentative bilateral free trade agreement (FTA) and will push to finalize the deal by the end of this month, the office of President Roh Moo-hyun said Wednesday.
A US congressman on Monday demanded changes to a tentative free trade agreement (FTA) with South Korea that he argued could allow the Asian trading partner to export North Korea-made goods to the United States.
