- 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
14-Jul-2016
Korea Herald
The Korea-Colombia free trade agreement will go into effect from July 16. The agreement will eliminate tariffs on 4,390 Korean export products to the South American country.
4-Jul-2016
Korea Herald
South Korea is ramping up its negotiations on free trade agreements to tackle the economic confusion from Brexit, scouting for new markets and making sure it is part of numerous regional pacts.
16-Jun-2016
Korea Herald
Colombia informed South Korea earlier in the day that it has completed the ratification process of the deal clinched in 2013, adding that the deal will go into effect on July 15.
25-May-2016
Yonhap
South Korea said that it has come to an agreement with Israel to begin negotiations next month on a free trade deal that could further boost bilateral trade.
24-May-2016
Korea Times
South Korea will hold a fresh round of negotiations for a free trade agreement (FTA) with six Central American countries.
4-Apr-2016
Reuters
South Korea is looking to sign a new bilateral trade deal with Mexico, the country’s top commercial partner in Latin America.
6-Jan-2016
The South Korean government hosted a public meeting in Seoul on Wednesday to discuss the potential benefits and economic impact of a free trade agreement with Israel.
29-Dec-2015
Korea’s exports to Australia rose 7.5 percent in the January-November period, in sharp contrast to the country’s overall exports which fell 7.4 percent in the same period due to sluggish global demand, the Korea Customs Service (KCS) said Tuesday.
21-Dec-2015
The most significant characteristic of the Korea-New Zealand Free Trade Agreement, which came into force on Sunday, is that it was a "catch-up deal" rather than a new one, says New Zealand Ambassador to Korea Clare Fearnley.
21-Sep-2015
South Korea and six Central American countries will hold their first round of free trade agreement talks in Seoul for five days beginning Monday.
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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