- About bilaterals.org
- Feb-2016: New ISDS platform launched
- Sep-2004: Launch announcement
- Feb-2015: Relaunch of bilaterals.org
- Mar-2013: Relaunch of bilaterals.org
- Jun-2009: Relaunch of bilaterals.org
- Dec-2008: An update from bilaterals.org and logo design contest announcement
- Dec-2006: bilaterals.org in Spanish & French
- Sep-2006: Update from bilaterals.org
- How to participate
- Key issues
- Texts of agreements
S. Korea, ASEAN sign FTA on services
Korea Times | 11-21-2007
S. Korea, ASEAN Sign FTA on Services
By Kim Yon-se
Korea Times Correspondent
SINGAPORE — South Korea signed an agreement on the services sector with the 10-member Association of Southeast Asian Nations (ASEAN) here Wednesday.
Following the summit between President Roh Moo-hyun and 10 ASEAN leaders, Trade Minister Kim Jong-hoon and 10 commerce ministers from the Southeast Asian countries signed the services free trade deal.
The deal is the third part of a four-step process to reach a ``full’’ Korea-ASEAN FTA by next year.
The two sides signed an agreement on ``basic items’’ and ``goods’’ in August 2006 (first step) and an agreement on ``dispute resolution systems’’ in December 2005 (second step). The agreements went into effect in June 2007.
They are scheduled to sign the last-step accord on ``investment’’ next year.
``The government believes in the importance of the Southeast Asian bloc _ South Korea’s fifth-largest trade partner,’’ an aide to President Roh said. ``Concluding an early FTA is needed because ASEAN is also seeking deals with our major trade competitors.’’
The government believes the two sides agreed on a high level of liberalization, saying that it will free up to 97 percent of all items of goods, while tariffs for 90 percent will be eliminated in stages by 2010.
The agreement will also create a market of 548 million people with a combined economy of more than $1.4 trillion.
A kind of joint declaration signed between leaders from each side, the framework agreement forms the basic structure of the South Korea-ASEAN FTA which would also benefit goods made in the inter-Korean industrial park in the North Korean border city of Gaeseong.
Aside from the signing of the services deal, Korea and the 10 Southeast Asian countries signed a memorandum of understating (MOU) on establishing the Korea-ASEAN Center, which will be built in Seoul.
Through the center, the two sides will seek expansion of trade volume, promotion of tourism and cultural exchanges.
Before the signing of the FTA, Roh and 10 ASEAN leaders agreed to cooperate in resolving the North Korean denuclearization issue and to expand ties in various fields such as regional security.
Roh also discussed countermeasures against environmental and climate issues during the third East Asian Summit (EAS) which includes leaders from India, Australia and New Zealand.
``The EAS leaders exchanged views on sustained regional development, global disasters and cooperation on environmental crises,’’ said Roh’s spokesman Cheon Ho-seon.
News from the movements
30-Mar-2017 La Via CampesinaA workshop is being convened in early April to build collective capacities on trade agreements in general and RCEP in particular. The workshop will be held in Bangalore, a city in South India
29-Mar-2017 Business MirrorMining firms should not resort to international arbitration in forcing the Department of Environment and Natural Resources to revoke its decision to suspend 28 mines and cancel 75 mineral-production sharing agreements.
28-Mar-2017 Tercera InformaciónLa campaña No al TTIP, CETA, TiSA, de la que forma parte Ecologistas en Acción, pide a los grupos parlamentarios tiempo suficiente para un escrutinio exhaustivo de un tratado que impactaría directamente en la población e hipotecaría gravemente su futuro.
23-Mar-2017 Front anti APE et anti CFA - SénégalLe comité de pilotage du Front anti Accords de Partenariat Economique (APE) et anti franc CFA après avoir apprécié la situation politique, économique et sociale actuelle a pris des décisions importantes.
22-Mar-2017 S2BJoint civil society statement on the Eu-Japan free trade agreement.
22-Mar-2017 G20 ProtestsLa “Semana de solidaridad global” contra el G20 nos dará la oportunidad de expresar el otro mundo y nuestra convicción de que es posible.
17-Mar-2017 No al TTIP
Taller de formación: ‘El Tratado de los Pueblos y las normas vinculantes de la ONU. Alternativas al TTIP, CETA, TiSA’El taller se impartirá de forma presencial en Madrid y se transmitirá en tiempo real.
Ces « zones libres » en Europe qui privilégient les alternatives locales face au néolibéralisme globalDes élus volontaristes pourront-ils, demain, soutenir la relocalisation de l’économie, favoriser les aliments bios et locaux dans les cantines scolaires ou reprendre la main sur la gestion de l’eau ou de l’énergie ?
bilaterals.org is a collaborative space to share information and support movements struggling against bilateral trade and investment deals which serve corporations, not people. Multilingual. Global. No one owns it. Open publishing. Get involved.