ISDS Case Map
US
Korea yesterday denied a U.S. media report that it planned to make new “concessions” to secure the ratification of the Korea-U.S. free trade agreement from the U.S. Congress.
Premier Danny Williams says the Newfoundland and Labrador government will not share the $130-million settlement the federal government made with AbitibiBowater.
It is no secret that one of the final sticking points in the Korea-U.S. FTA is the alleged Korean non-tariff barriers (“NTBs”) in the automobile sector. The United States takes the position that the enormously low penetration of the U.S. automobiles into the Korean market can only be explained by NTBs.
From this recent history of Obama’s words and deeds with regards to “free trade” we should expect an offensive, similar in scope and scale to the US military escalation under way around the world, to obtain passage of the Colombia FTA, starting probably right after the November mid-term elections.
US beef exports to South Korea rose sharply during the first six months of the year, industry sources said Monday, with some politicians demanding the restricted shipment of beef be addressed before the ratification of the pending free trade deal with South Korea.
The South Korean ambassador to the United States will meet with top executives at Ford Motor Co. and Chrysler Group LLC on Wednesday during a day-long visit to Detroit to discuss a contentious free trade agreement.
The flavour of protectionism is spreading in the US sometimes at the cost of impeding market access for trade partners. The recent law signed by US President Barack Obama to raise work visa fees will hit Indian companies immediately and US companies with global operations in the medium and long term.
South Korea's ambassador to the United States said ratification of a free trade agreement between this country and his would benefit both countries, including an increase in U.S. jobs.
The agriculture community heard directly from U.S. Trade Representative Ron Kirk recently on trade priorities that have stalled despite their importance to the industry's market share around the world.
The Korea Chamber of Commerce and Industry (KCCI) is giving careful consideration about sending an economic mission to the US for early settlement.
