South Korea plans to speed up negotiations on free trade in the investment and services areas with Russia and China, President Moon Jae-in said.
South Korea said today it plans to "actively" consider joining a mega Asia-Pacific free trade agreement (FTA) initiated again by the US in an effort to diversify the country’s export portfolio amid growing trade protectionism.
China will step up efforts to expand its free trade area network with trading partners across the world to enlarge its “circle of friends”, while eliminating more tariffs on goods and broadening market access for services trade and investment, according to commerce minister Wang Wentao.
Pakistan and the Republic of Korea have agreed to hold further negotiations on the proposed Free Trade Agreement (FTA) for increasing bilateral trade and promote free trade between the two countries.
Pakistan and South Korea held third round of the Joint Trade Committee meeting. The prospects of a Free Trade Agreement was discussed.
South Korea plans to sign more FTAs down the road to diversify its trade portfolio and ease its heavy dependence on China and the United States, which take up around 40 percent of exports.
Indonesia’s and South Korea’s $9.1 billion electric car battery joint venture project has gotten a boost after the two countries signed a comprehensive investment and trade deal.
South Korea formally inked a comprehensive trade deal with Indonesia, paving the way for local exporters to penetrate deeper into the Southeast Asian market.
Israel and South Korea are set to sign a free trade agreement (FTA) next week, according to Israel’s Foreign Affairs Ministry’s confirmation. The FTA will be signed over Zoom and in the presence of the ambassadors of the two countries and senior government ministers.
President Moon Jae-in said that South Korea is considering becoming a member of a major Asia-Pacific free trade agreement, known as the CPTPP.
South Korea and Japan look set to be the biggest winners in the Asian oil and chemicals marketplace as the world’s largest regional free-trade agreement paves the way for a gradual reduction in tariffs.
The South Korean government has opted for an international arbitration over its longstanding dispute with Lone Star Funds after it turned down the US fund’s final $870-million out-of-court settlement proposal.
China’s renewed pursuit of a free trade agreement with South Korea and Japan appears aimed at undercutting US influence and shaping regional economic cooperation on terms favorable to it.
Lone Star Funds, which is in litigation against the South Korean government at the International Centre for Settlement of Investment Disputes, suggested US$870 million as a concession.
South Korea has expressed intention to step up the pace of the negotiations on the proposed Philippines-Korea Free Trade Agreement (FTA), the Department of Finance (DOF) said in a statement.
In the wake of the successful signing of the world’s largest trade deal - RCEP that encompasses a third of the global economy, a higher level trilateral free trade agreement(FTA) among China, Japan and South Korea is likely to be reached sooner than expected.
South Korea will hold the fourth round of free trade talks with Cambodia this week as part of efforts to diversify its export portfolio in Southeast Asia.
The two sides will hold discussions on five categories — goods, intellectual property rights, trade promotion, anti-corruption and cooperation.
The Indonesian government is pursuing a series of trade deals with non-traditional partners in Africa, Latin America and the Middle East in an effort to navigate international trade during and after the COVID-19 pandemic.
South Korea and Uzbekistan agreed to announce the launch of trade talks at an opportune time in an effort to expand bilateral trade, the government said.