ISDS Case Map
US
Korea's National Assembly is locked in an impasse with the ruling and the opposition parties showing no signs of backing down from their position on the long-stalled Korea-US free trade agreement (KORUS FTA).
The US Free Trade Agreement with Colombia will be signed into law within days, according to the US President’s senior adviser on Latin America.
Now that US Congress approved free-trade agreements with South Korea, Colombia and Panama, trade experts want lawmakers to harness the momentum and turn their attention to other potential deals in what is seen as a way to boost the economy and create jobs: sealing the Trans-Pacific Partnership, getting Russia to join the WTO, and creating FTAs with the EU and Brazil.
South Korea's opposition party has said it will resist any bid to force a sweeping free-trade agreement with the US through parliament, following ratification of the deal by US congress.
Organizers held a teach-in at Occupy Wall Street on Monday about "free trade agreements" with Colombia, Panama and South Korea now pending in Congress that will expand the market for national corporations and financial corporations from the United States.
Economic officials said Thursday that a free trade agreement (FTA) approved a day earlier between the United States and South Korea will have an impact on local companies to the tune of around US$11.84 billion per year. The Bureau of Foreign Trade (BOFT) said the U.S.-Korea pact will influence 34.1 percent of all Taiwan-made products exported to the U.S.
The U.S. Congress approved free-trade agreements with South Korea, Colombia and Panama, bringing an end to years of stalemate and offering what supporters said was the biggest opportunity for exporters in decades.
Protesters on Tuesday interrupted a U.S. Senate Finance Committee vote on free-trade agreements with Colombia, South Korea and Panama, forcing the committee to briefly delay the committee meeting.
Colombia's Agriculture Minister Juan Camilo Restrepo said Monday the country is not prepared for the effects of the free trade agreements with the United States and the European Union.
The US Republican-dominated Congress appears likely to approve the agreement, which makes it more vital than ever to press MEPs not to ratify the EU-Colombia FTA.
