- 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
16-Jan-2018
Yonhap News Agency
Mongolian Prime Minister Ukhnaa Khurelsukh has expressed strong expectations for a possible economic deal with South Korea, in the latest push to boost bilateral trade and investment. Both the countries, in year 2016 began talks on a bilateral economic partnership agreement, which is similar to a free trade deal and focuses on the industrial and investment sectors.
9-Jan-2018
Yonhap News Agency
There are no tariffs levied on South Korean auto parts shipped to the US which gives local carmakers to use any component while assembling. Local automakers have expressed concerns that any changes to the rules of origin could compel them to import and use parts they don’t really need and hurt local parts manufacturers.
4-Jan-2018
Yonhap News Agency
In December 2017, the trade and industry ministers of South Korea agreed to expedite negotiations to expand the two countries’ two-year-old free trade agreement to include the service and investment sectors.
19-Dec-2017
Hankyoreh
South Korean Trade Minister expects the US to ask for liberalization of the agriculture and livestock sectors.
19-Dec-2017
Yonhap
South Korea and India will hold a new round of talks on the improvement of a bilateral trade deal.
11-Dec-2017
Yonhap
Trade officials of South Korea and Britain will meet to discuss ways to forge a new trade deal after London exits from the European Union, Seoul’s trade ministry.
5-Dec-2017
Yonhap
South Korea and Turkey reviewed the implementation of a bilateral free trade agreement and discussed ways to reduce non-tariff barriers
29-Nov-2017
Korea Herald
South Korea needs a balanced and sophisticated strategy to cope with efforts by China and Japan to take the lead in building a free trade framework for Asia and the Pacific amid the US’ strengthening protectionism, experts say.
29-Nov-2017
Hankyoreh
Two years after the South Korea-China FTA took effect, the two countries are expected to launch a second round of negotiations to further open up the service and investment sectors.
28-Nov-2017
Yonhap
South Korea and Uruguay have agreed to jointly push for a trade agreement between South Korea and Mercosur.
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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