In a major speech on Wednesday, Chinese President Xi Jinping talked up his country’s plans for playing a greater role in global trade, without mentioning ongoing tensions with the US.
South Korea and Mongolia will lower tariffs on some products starting next year, as Ulaanbaatar joined a regional trade pact known as the Asia-Pacific Trade Agreement.
In September this year, India and South Korea resumed renegotiation of their landmark Comprehensive Economic Partnership Agreement (CEPA) that played a key role in spurring trade between the two sides and boosted bilateral ties.
Indonesia is set to sign a trade agreement with South Korea and seeks ensure that a larger deal at the regional level will also be inked, as the country focuses on increasing overseas market access in the hopes of lifting its economy out of the mire of the pandemic.
South Korea and China on Monday launched the ninth round of talks with China to bolster ties in the service and investment fields as part of their bilateral free trade agreement (FTA), which went into effect five years ago.
The soon to be signed agreement was delayed because of Korean political concerns that have been removed by Israel-UAE normalization.
Korea requested to join the Pacific Alliance trade bloc, which is also made up of Chile, Colombia, Mexico and Peru.
Korean Deputy Foreign Minister will visit Mexico for talks with his counterpart and other officials over economic cooperation, including the resumption of bilateral free trade talks.
Cambodia and the Republic of Korea (ROK) have pledged to finalise their Free Trade Agreement (FTA) negotiations by the end of the year to increase trade and investment between the two countries.
India will seek concessions for its rice exports to South Korea as Seoul levies a whopping 513% tariff on imported rice and buys rice from only five countries under its tariff rate quota regime.
Cambodia Prime Minister Hun Sen committed to gain an advantage in upcoming trade deals with China, South Korea, Japan and other nations.
South Korean exporters need to be on alert as India has been strengthening trade remedies such as anti-dumping measures to protect its industries, said a local trade association.
Finance Minister Hong Nam-ki said that South Korea seeks to launch formal negotiations for a bilateral free trade agreement with Uzbekistan by the end of this year. The minister unveiled the plan during a meeting with economy-related ministers in Seoul.
The big reshoring question is still about how much foreign investment will shift from China due to a combination of rising production costs and more fractious diplomatic relationships.
The normalization with the United Arab Emirates has given fresh impetus to negotiations for a free trade agreement with South Korea, according to Globes on Tuesday.
Chile’s official recently visited South Korea, with the intention of resuming the negotiations to update the FTA between both countries that were interrupted by the pandemic.
Cambodia and South Korea ended the second round of their negotiations on free trade agreement (FTA) today with progress on finished the chapter of trade cooperation and market access and other chapters of the agreement.
The Philippines and South Korea will resume bilateral free trade negotiations in the second week of September in order to finalize an agreement before the end of the year.
South Korea said Monday it will launch the second round of free trade negotiations with Cambodia this week as the country broadens efforts to expand its export portfolio to cushion the economic fallout from the new coronavirus pandemic.
South Korea and China held a meeting to update and expand the scope of their bilateral free trade agreement (FTA), which took effect around five years ago.