- Negotiations
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
Photo: Joe Mabel / CC BY-SA 3.0
29-Nov-2024
Yonhap News Agency
South Korea has struck an economic partnership agreement (EPA) with Georgia, while some agricultural products are excluded, the FTA is expected to boost bilateral trade and position South Korea as a gateway to the Caucasus region.
26-Nov-2024
KBS
The two nations plan to hold in-depth negotiations on 19 areas including commodities, services, investment and government procurement.
15-Nov-2024
Korea Herald
South Korea plans to proactively address global trade changes, especially those related to the new US administration. The country aims to upgrade existing trade pacts, diversify its trade portfolio, and secure new FTAs.
12-Nov-2024
The Korea Times
Korea and Britain kicked off the third round of negotiations to upgrade their bilateral free trade agreement in response to changing global trade and business circumstances, the trade ministry said.
26-Sep-2024
Korea.net
The Ministry of Trade, Industry and Energy has begun negotiations on an economic partnership agreement, a type of free trade deal, with the country’s first Balkan partner country Serbia.
11-Sep-2024
Korea Times
Korea and Mongolia are actively negotiating a comprehensive economic partnership to strengthen bilateral ties. The third round of talks, held in Ulaanbaatar, focused on expanding trade, investment, and supply chain cooperation. Korea aims to diversify its markets and stabilize supply chains through this partnership.
10-Sep-2024
Agenda.ge
Georgian and South Korean officials held the final round of talks for an economic partnership agreement, resulting in agreement on “key areas” including trade in goods and services, intellectual property rights and customs.
23-Aug-2024
Korea JoongAng Daily
A TIPF is a nonbinding agreement that calls for enhancing economic ties and facilitating cooperative exchanges in various areas. The agreement, however, does not include tariff-free terms like a traditional FTA.
22-Aug-2024
Yonhap
Prime Minister Han Duck-soo said that South Korea will push to expand free trade agreements with emerging markets in Asia and Africa to boost the export-driven economy and enhance supply chain resilience.
12-Jun-2024
Korea Times
Korea’s trade ministry said Wednesday that it has discussed the progress of the bilateral free trade agreement (FTA) with the European Union and asked the economic bloc to address growing regulatory uncertainties for exporters.
Links
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KoPA is a coalition of around 50 NGOs, social movement organizations, political parties, peasant organizations and trade unions working, among other things, to stop bilateral and regional free trade agreements and the WTO.
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