In May 2007, the European Union and South Korea started negotiating a bilateral free trade agreement. It took effect on 1 July 2011.
This deal is part of the EU’s post-2006 "Global Europe" strategy to boost the competitiveness of EU corporations in the world by securing deeper commitments to neoliberal policies from trading partners, including expanded rights for European transnationals. In Korea, the European Union is trying to win equal, if not better, footing against US firms after the conclusion of the US-Korea FTA. (The EU makes stronger demands than the US on Korea in the areas of intellectual property, services, competition policy and environmental standards.)
Social movements from both sides mobilised against the deal’s potential impacts. One flashpoint of concern is for Korea’s agricultural sector, where pig farmers in particular are expected to suffer from an influx of subsidised EU pork as a result of this deal.
last update: May 2012
photo: European External Action Service - EEAS/CC BY-NC-ND 2.0
South Korea and the European Union failed to narrow their gap in their free trade agreement (FTA) talks, South Korean Trade Ministry said on Friday.
Top negotiators of South Korea and the European Union (EU) will meet in Seoul next week to seek progress in their free trade agreement (FTA) negotiations by tackling sensitive issues, the Korea herald reported Thursday.
Trade ministers from South Korea and the European Union will meet next week to resolve contentious issues such as auto trade and rules of origin in their free trade negotiations
Europe wants to conclude a free trade agreement (FTA) with South Korea by the year’s end to further boost bilateral economic ties
Delegations from South Korea and the European Union will get together for a new round of the free trade agreement (FTA) talks starting today in Brussels, Belgium.
Top trade officials from South Korea and the European Union (EU) plan to meet in Japan next week to discuss how both sides will carry out the ongoing free trade negotiations
Under EU-suggested rules, a product would be considered as coming from a trading partner only when at least 60 percent of the value of the finished item is added in that country. South Korean negotiators want the ratio to be lowered to 40 percent, as a number of manufacturers in the country outsource many components from neighboring countries such as China to cut costs.
The European Union’s top negotiator in free trade talks with South Korea said Korea was proposing measures that would hurt European car exporters, possibly undermining the chances of a deal.
South Korea has been urged to strengthen its intellectual property rules in order to sign a free trade agreement with the European Union.
Free trade negotiations between South Korea and the European Union have hit a snag as both sides failed to make headway over auto-related technical standards, one of the stickiest issues in their trade talks.