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US
Hollywood will get greater access to South Korea's movie market after the government said Thursday that it would cut in half the quota of homegrown films that must be shown in the country's cinemas.
South Korea is expected to announce the start of free trade negotiations with the United States on February 2, a government source said Thursday.
South Korea on Thursday decided to halve its 40-year-old screen quota, the mandatory period for theaters to show domestic films a year, to 73 days to clear the way for its free trade agreement (FTA) with the United States.
The United States and South Korea are very close to launching negotiations for a free-trade agreement, which would be the most economically significant free-trade pact for Washington since the North American Free Trade Agreement, according to people familiar with the matter.
New Zealand's chances of securing free trade talks with the United States have taken a knock.
South Korea said it would reduce by half its screen quota for domestically produced films, in a move aimed at facilitating talks with the United States on a free trade agreement (FTA).
The United States said on Wednesday it would not renew a favorable tariff pact with Peru unless the country ratifies a free trade pact agreed on between the two sides in December.
Ecuador, along with Colombia, is reopening Wednesday in Washington joint negotiation over the copyright issue in the Free Trade Agreement with the US, despite growing refusal in Quito.
A new head of the Thai negotiating team for the proposed Thai-United States Free Trade Area (FTA) agreement is expected to be appointed within this month, Deputy Prime Minister and Commerce Minister Somkid Jatusripitak said Wednesday.
New Zealand's exclusion from a small list of countries the United States hopes to initiate free trade talks with this year is no surprise, the Government says.
