ISDS Case Map
Korea
South Korea and Japan look set to be the biggest winners in the Asian oil and chemicals marketplace as the world’s largest regional free-trade agreement paves the way for a gradual reduction in tariffs.
The South Korean government has opted for an international arbitration over its longstanding dispute with Lone Star Funds after it turned down the US fund’s final $870-million out-of-court settlement proposal.
China's renewed pursuit of a free trade agreement with South Korea and Japan appears aimed at undercutting US influence and shaping regional economic cooperation on terms favorable to it.
Lone Star Funds, which is in litigation against the South Korean government at the International Centre for Settlement of Investment Disputes, suggested US$870 million as a concession.
South Korea has expressed intention to step up the pace of the negotiations on the proposed Philippines-Korea Free Trade Agreement (FTA), the Department of Finance (DOF) said in a statement.
In the wake of the successful signing of the world's largest trade deal - RCEP that encompasses a third of the global economy, a higher level trilateral free trade agreement(FTA) among China, Japan and South Korea is likely to be reached sooner than expected.
South Korea will hold the fourth round of free trade talks with Cambodia this week as part of efforts to diversify its export portfolio in Southeast Asia.
The two sides will hold discussions on five categories -- goods, intellectual property rights, trade promotion, anti-corruption and cooperation.
The Indonesian government is pursuing a series of trade deals with non-traditional partners in Africa, Latin America and the Middle East in an effort to navigate international trade during and after the COVID-19 pandemic.
South Korea and Uzbekistan agreed to announce the launch of trade talks at an opportune time in an effort to expand bilateral trade, the government said.
