US authorities for the first time filed a complaint against South Korea under environmental rules of the free trade pact between Seoul and Washington, over illegal fishing.
Both countries are frantically working on ways to resolve long-disputed trade issues, especially relating to medical devices, agriculture, and e-commerce.
An international arbitration panel will hold hearings next month in the United States in a case filed by two New York-based hedge funds against the South Korean government over a 2015 Samsung merger.
The Trump administration is racing to announce limited trade deals with Japan and India, as President Trump tries to score some wins amid a protracted trade fight with China
President Trump said that his administration had reached an initial trade agreement with Japan and would announce a deal in the coming weeks.
The Indonesian government looks to hike trade with South Korea and the United States as it aims to complete a long-gestating trade agreement with the former and discuss a closer partnership with the latter.
China has announced that it will exclude imports of US soybeans, pork and other farm goods from additional trade war tariffs, opening the door for significant purchases of agricultural products.
Japan will eliminate the tariffs on US wine within five to seven years after the trade agreement goes into effect.
Signing a free trade agreement with the United States will not be viable for Bangladesh if the US does not agree to enter into such agreement only on trade in goods, trade officials said referring to a government feasibility study.
The United States has agreed to increase its low-tariff quota for Japanese beef in bilateral trade negotiations, sources close to the matter have said.
Government’s assurances that there are no health problems are misleading, say food policy experts.
US could offer a limited trade agreement to China that would delay and even roll back some US tariffs in exchange for Chinese commitments on intellectual property and agricultural purchases.
The long-awaited response from US Trade Representative sets the stage for weeks of intense negotiations before a congressional vote on the agreement.
China has offered to buy American products in exchange for a delay in a series of US tariffs and easing of a supply ban against telecoms giant Huawei.
Turkish President announced that he and his US counterpart agreed to kick start free trade agreement talks and that officials from both nations will shortly begin preparations.
U.S. Secretary of Agriculture Sonny Perdue suggested the US may make concessions in seeking greater access to Japan’s rice market, during ongoing bilateral trade talks.
Negotiators are now finalizing many of the core elements, including how much Japan is willing to open its agriculture market to US imports, cuts to industrial tariffs, and the treatment of digital trade.
It’s a good guess that the new global economic system will give overt political considerations greater weight than its predecessor. Countries will link trade benefits and penalties to their political agendas.
Prime Minister Boris Johnson told visiting US Vice President that Britain’s National Health Service (NHS) would not be included in negotiations with the United States for a trade deal.
This report provides an overview of the announced agreement and the prospects and timing for its completion and entry into force.