- About
- About bilaterals.org
-
Announcements
- Dec-2006: bilaterals.org in Spanish & French
- Feb-2016: New ISDS platform launched
- Sep-2004: Launch announcement
- Feb-2015: Relaunch of bilaterals.org
- Mar-2013: Relaunch of bilaterals.org
- Jun-2009: Relaunch of bilaterals.org
- Dec-2008: An update from bilaterals.org and logo design contest announcement
- Sep-2006: Update from bilaterals.org
- Help
- How to participate
- Negotiations
- Key issues
- Texts of agreements
- Links




Gov’t submits bill on ratification of KORUS FTA to parliament
posted 12-October-2018
Yonhap News Agency, South Korea
Gov’t submits bill on ratification of KORUS FTA to parliament
12 October 2018
(South Korean President Moon Jae-in (L) and U.S. President Donald Trump sign the official document on the revised free trade agreement between the two allies at Lotte New York Palace in New York on Sept. 24, 2018. Yonhap)
SEOUL (Yonhap) — South Korea’s trade ministry said Friday it has submitted a bill on ratifying the revised free trade agreement with the United States to parliament, the final domestic procedure needed for its implementation.
The Ministry of Trade, Industry and Energy said it asked for the National Assembly to approve the amended trade pact, which was formally signed by two nations’ leaders in New York last month.
The Seoul government hopes to complete domestic procedures by the end of the year, but the schedule may vary depending on whether Washington exempts South Korean autos from the list of 25 percent duties, proposed by the Donald Trump administration on national security grounds.
South Korean lawmakers have pointed out that any tariffs on Korean vehicles under Section 232 of the Trade Expansion Act would hamper the ratification process of the revised trade deal.
The agreement calls for Seoul to double the 25,000-vehicle unit threshold for U.S. car imports that do not have to comply with domestic industry regulations, which would enable 50,000 vehicles to enter South Korea more easily.
Seoul also will apply eased vehicle emission standards for cars shipped from 2021-25 when setting new import regulations. American manufacturers complained that the environmental regulations act as a non-tariff barrier for their cars.
In addition, the two sides agreed to make minor edits to the investor-state dispute settlement clause and to improve the transparency of anti-dumping and countervailing duty proceedings.
An important European campaign to stop investor-state arbitration (ISDS) has been launched. Please click here to sign the petition and find out how you can get directly involved.
News from the movements
-
12-Feb-2019 Le Monde
« Les droits des investisseurs ne doivent pas être mieux protégés que ceux des citoyens ou de la planète »
27 associations, syndicats et ONG appellent les députés européens à rejeter un projet d’accord commercial entre l’UE et Singapour, comparable au très contesté CETA. -
11-Feb-2019 OMAL
Euskal Herria se planta ante los tratados comerciales
Proponemos una serie de líneas de actuación para que las administraciones vascas hagan frente a los principales dispositivos de los tratados. -
7-Feb-2019 Biodiversidad en América Latina
Tratados de Libre Comercio: Instrumentos de desvío de poder que sojuzgan el Derecho
Este cuaderno de trabajo contiene fragmentos de textos, testimonios y entrevistas para repensar los efectos de los tratados de libre comercio y señalar sus nocivos efectos sobre la soberanía política, social económica y jurídica de las naciones. -
6-Feb-2019 M4
Organizaciones denuncian demanda de compañía minera estadounidense contra Guatemala y expresan su solidaridad con las comunidades que defienden la tierra y la vida en “La Puya”
Nos unimos en solidaridad con los residentes de San Pedro Ayampuc y San José del Golfo, quienes están profundamente preocupados por la grave amenaza que la mina representa para los suministros de agua, los ecosistemas y la calidad de vida en el área. -
6-Feb-2019 Stop ISDS
Sued for existing – ancient Romanian town on the frontline of the battle against ISDS
Today, the 6th of February 2019, the Romanian town of Roşia Montană celebrates its 1888th year of existence. Over the past 20 years, residents have fought against a proposed multi-billion dollar mining project. -
6-Feb-2019 Seattle to Brussels Network
Support the joint letter on the future of ISDS – EU-Singapore IPA vote
Civil society organisations urge Member of the European Parliament to not ratify EU - Singapore Investment Protection Agreement -
28-Jan-2019 Via Campesina
Democracy instead of corporate power. Food sovereignty instead of free trade
Representatives from 17 farmer organizations from 7 European countries gathered here to denounce the EU’s current trade agenda. -
28-Jan-2019 Via Campesina
Democracia en lugar de poder corporativo. Soberanía alimentaria en lugar de libre comercio
Representantes de 17 organizaciones de agricultores de 7 países europeos se reunieron aquí para denunciar la actual agenda comercial de la UE.
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Get involved.
Comment on this article