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Korea


US industry’s free trade wish list
With Korea-US Free Trade Agreement (FTA) talks scheduled to start in May, representatives from US industries bombarded the US government with their own wishes for a Korea-US FTA, asking the government to open the Korean service market and eliminate market regulations.
Swiss set course to free trade
Parliament is due to discuss a free-trade accord between Switzerland and South Korea - the latest such deal aimed at liberalising economic ties abroad.
Korea set to drive hard bargain on shipping, textiles in FTA
South Korea should call on the United States to remove protection for its shipping industry and lower tariffs on textile and clothing imports in order to counter Washington’s demands at the upcoming free trade talks, a state-run think tank said Thursday.
Korea, ASEAN fail on FTA terms
South Korea and the Association of Southeast Asian Nations (ASEAN) failed to agree on some details in the 10th round of their free trade agreement (FTA) talks this week, the country’s Agriculture Ministry said Friday.
Trade deals we need to close
This week US Trade Representative Rob Portman announced that the Bush administration will pursue free-trade talks with Malaysia. Last month talks on a free-trade agreement (FTA) were inaugurated with South Korea. In a global economy awash in trade deals designed to open markets and build alliances, FTAs with these countries are particularly desirable.
US envoy upbeat on trade talks
Wendy S Cutler of the Office of the US Trade Representative said yesterday she was optimistic about a successful conclusion of free trade negotiations between the United States and Korea.
All-night rally to protest screen quota begins
Members of the local film industry and civil activists began in Seoul Monday a 146 day all-night rally in protest to the government’s decision to halve the screen quota system.
Cabinet endorses plan to halve screen quota
A controversial plan reducing the country’s screen quota by half has been approved by the government amid fierce protests from the film industry.
Service sector opening priority in ROK-US FTA
Negotiation is defined as a process whereby interested parties resolve disputes or agree on courses of action on the basis of mutual benefits. Given this definition, negotiation occurs in all types of relations among human beings.
Korea in no hurry for China FTA
South Korea’s Trade Minister Kim Hyun-chong Wednesday said the country should think twice about a free trade agreement (FTA) with China, which has yet to begin because of its possible drawbacks to local industries.
Envoy brings ’new zeal and’ energy to Korea
New Zealand’s latest ambassador to Korea has arrived in Seoul with the clear and stated determination to see her predecessor’s efforts for a free trade agreement come to fruition. Also featuring high on Jane Coombs’ agenda is promoting a higher level of cooperation in the fields of science and technology.
State growers want to dismantle import barriers - Korea trade talks starting
Washington farmers hope a possible free trade agreement will pry open South Korea’s trade barriers against such produce as apples, pears and potatoes.
US investors seek to secure the level of rights enjoyed in their own country
The USTR clearly stated in a negotiation report submitted to the US Congress that American investors should be able to enjoy the same rights in Korea as the ones that they enjoy in the US according to legal principles and practices.
Start of talks: Free trade accord should be based on popular support
The first preliminary meeting for a free trade agreement between Korea and the United States Monday marks the onset of the FTA process.
US negotiator seeks ’good’ and ’fair’ free trade agreement with South Korea
The chief U.S. negotiator in free trade talks with South Korea said Tuesday she is under orders to conclude an agreement by the end of this year good enough for lawmakers in Washington to accept.
Support Roh on trade pact
Korea and the United States held their first preparatory talks on a free trade agreement in Seoul yesterday. There are a lot of obstacles to overcome during the formal negotiations, but the mere fact the talks have officially begun is meaningful in itself.
North Korean-made sneakers may trip $29 billion US trade pact
North Korean workers stitching Made in Korea labels on $150 sneakers may hold the key to a $29 billion free-trade agreement between the US and South Korea, the biggest US accord in a decade.
Trade: FTA talks to start
South Korea’s efforts to secure free-trade agreements (FTAs) have received a boost with the announcement of the launch of talks with the US. But starting talks is one thing; successfully concluding a deal will prove challenging.
Seoul to gather public opinion on FTA with US
In advance of negotiations with the United States on a bilateral free trade agreement (FTA), the South Korean government that it would gather public opinion on the issue through e-mail.
’Korea-US FTA talks face bumpy road’
Seoul is unlikely to meet its timetable to strike a free trade agreement (FTA) deal with Washington by June next year due to a number of roadblocks that lie ahead, said an expert on South Korea.