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
Oil traders are turning their focus to a potential trade agreement between South Korea and some major Persian Gulf producers that may reduce prices of Middle Eastern crude in the months to come.
South Korea and Egypt agreed to conduct a joint feasibility study on a bilateral free trade agreement.
A potential free trade agreement between the two sides will increase mutual benefits in the fields of goods, service, investment, intellectual property and energy, said Korean President.
China’s Ministry of Finance on Thursday announced that South Korea will adopt the favorable tariff rates of the RCEP trade pact starting from February 1, as the country has finished ratification of the deal.
The two leaders will reaffirm their strong commitment to advancing negotiations on a bilateral trade agreement. Uzbekistan is rich in natural resources such as copper and tungsten.
South Korea and Mexico have "closely discussed" the possible resumption of negotiations for a bilateral free trade agreement.
South Korea and Singapore agreed to conclude their digital trade pact in 2021 in a move to deepen broader trade and economic ties, Seoul’s trade ministry said.
South Korea and a group of Arab countries have agreed to push for the resumption of their free trade talks that have been suspended for a decade in a move to forge deeper economic ties, Seoul’s industry ministry said.
South Korea and Cambodia officially signed a free trade agreement (FTA) in a move to deepen their economic ties, Seoul’s industry ministry said.
South Korea and Chile will hold their sixth round of negotiations this week on updating their bilateral free trade agreement (FTA) that went into effect in 2004.
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.