Korea

The government of South Korea has concluded, or is pursuing negotiations for, a number of bilateral free trade and investment agreements. Korean social movements have been mobilizing in opposition to these ever since the Korea-Chile FTA was proposed. So far, South Korea has signed deals with Chile (2004), EFTA (2004), Singapore (2005), ASEAN (2007) the US (2007, ratified in 2011), Peru (2011) and Turkey (2012). Talks are under way with Canada, China, Mexico, India, the EU and, technically speaking, Japan. Negotiations with Colombia have stalled over Colombia’s demands for access for better terms for its fruit and flower exports than what Korea gives Chile and Peru. Seoul is also looking to open discussions with Mercosur, Malaysia, Mexico and possibly Israel.

last update: May 2012

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  • 19-Jun-2015 Arirang Korea starts FTA talks with six Central American countries
    If sealed, Korea will be the first Asian country to have an FTA with the six Central American countries — Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama — giving Korean products an edge over rival exporters like Japan and China.
  • 9-Jun-2015 Plan mitigates FTA fallout
    The government has decided to earmark 1.7 trillion won ($1.53 billion) over the next 10 years to mitigate damage to local industries from free-trade agreements with China, Vietnam and New Zealand expected to take effect this year.
  • 5-Jun-2015 Gov’t submits bills on ratification of new FTAs with China, Vietnam, New Zealand
    The South Korean government said Friday that it has asked the parliament to ratify the country’s bilateral free trade agreement (FTA) with China that was signed earlier in the week, apparently demonstrating its firm resolution to quickly implement what it has called one of the most significant trade deals it has ever signed.
  • 22-May-2015 Gov’t identifies damage to 9 farm goods from FTAs
    Producers of nine local farm goods have suffered damage from a rise in imports due to free trade agreements, becoming eligible for government support and compensation, the agriculture ministry said Tuesday.
  • 14-May-2015 Prensa Latina Crece interés en Surcorea por suscribir TLC con Centroamérica
    Surcorea está interesada en iniciar conversaciones con los países de Centroamérica para establecer un Tratado de Libre Comercio (TLC), informó hoy el Ministerio de Relaciones Exteriores de este estado asiático.
  • 6-May-2015 The Hankyoreh South Korea and Vietnam sign free trade agreement
    The FTA with Vietnam is South Korea’s 15th to date, with greater levels of product liberalization than the previous FTA with the ASEAN countries (including Vietnam) that went into effect in June 2007.
  • 5-May-2015 Prensa Latina Suscriben acuerdo comercial Vietnam y Corea del Sur
    El primer ministro de Vietnam, Nguyen Tan Dung, describió como propulsor de la cooperación entre este país y Corea del Sur el Tratado bilateral de Libre Comercio (TLC), suscrito hoy en esta capital.
  • 30-Apr-2015 La Hora Corea del Sur anuncia acuerdos con Ecuador
    Corea del Sur anunció ayer que iniciará próximamente las negociaciones para sellar sendos acuerdos comerciales con Ecuador y con el bloque centroamericano que incluye a Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica y Panamá.
  • 29-Apr-2015 Yonhap S. Korea to announce start of FTA talks with Ecuador, Central America
    South Korea will soon announce the start of negotiations for free trade agreements with Ecuador and six Central American countries as part of a plan to expand its presence in the region, the government said Wednesday.
  • 28-Apr-2015 Korea Herald [Herald Interview] Korea to defend rice market in TPP talks
    Korea’s top agriculture policymaker has emphasized that the government will not further open the country’s rice market if and when it joins the US-led Trans-Pacific Partnership
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