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
South Korea and China will hold the second round of talks to expand the scope of their bilateral free trade agreement later to better cover the service and investment sectors.
South Korea and Russia will soon launch negotiations for their first free trade agreement , South Korean President Moon Jae-in said.
The Korean government was ordered to pay about 73 billion won to an Iranian investor who filed an investor-state lawsuit, claiming that he suffered losses in the process of participating in an auction for Daewoo Electronics in 2010.
South Korea and the South American trade block Mercosur agreed to begin formal negotiations for a trade deal in the latter half of this year.
An official at Seoul’s Ministry of Trade, Industry and Energy said the government will actively push for new free trade deals to expand its trade relations with emerging markets.
At the top of President Recep Tayyip Erdoğan’s agenda during his upcoming visit to South Korea on May 2-3 will be investments and cooperation in the defense industry, South Korean Ambassador to Turkey Choi Hong-ghi has said.
South Korea, China and Japan held a new round of trade talks on Friday in Seoul in the latest push to work out differences for a free trade deal amid rising trade protectionism.
South Korea and the Southern Common Market, also known as Mercosur, will likely begin negotiations to forge a trade pact in the first half of the year.
With Korea and China set to start negotiations to expand the scope of their bilateral trade agreement to services and investment this week, experts say it could be a meaningful opening of the door to China’s $1 trillion services market.
South Korea and China will hold the first round of follow-up negotiations to their free trade agreement(FTA) next week to have the deal include the service and investment sectors.
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.