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
The two nations agreed to speed up free trade negotiations in the service and investment sectors with a goal of striking the deal in 2020.
Chile and Korea trade links are based on bilateral free trade agreement and now dedicated to its updating.
A free trade agreement (FTA) between Honduras and Korea will take effect on Oct. 1 — the latest in gradual yet consistent developments in bilateral relations after they were established in 1962.
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.
South Korean Economy and Finance Minister Hong Nam-ki said that the South Korean government would work on a free trade agreement with Russia in the goods sector as well as investment and service.
Trade and Industry Minister Chan Chun Sing said that at this point, the RCEP has gone beyond an economic agreement and is a strategic signal to the world’s economy on what countries in this part of the world believe in.
The free trade agreement with Britain should be completed before the country’s scheduled exit from the European Union, said Korean Ministry of Trade, Industry and Energy.
Nicaragua is the first Central American country to establish a date of entry into force of the Free Trade Agreement (FTA) with South Korea, which is agreed for October 1, 2019.
South Korean government plans to seek a revision of labor laws in a way that will strengthen workers’ right to organize as it pushes for a parliamentary ratification of key international labor standards.
Israel media have revealed that the new South Korea-Israel Free Trade agreement will exclude goods produced in the occupied territories of Jerusalem and West Bank and the Golan Heights.
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.