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 is continuing negotiations on a free trade agreement with the Gulf Cooperation Council to enhance its energy security and improve the economics of importing sour crude from the Middle East.
Korea Joongang Daily
Korea and a group of Arab countries will hold a new round of negotiations for their free trade deal in Saudi Arabia this week, Seoul’s trade ministry said Tuesday.
South Korea and Singapore plan to officially kick off their bilateral digital partnership pact this weekend in a move to boost digital trade and industry cooperation, Seoul’s trade ministry said.
South Korea will push to clinch free trade agreements with more than 10 nations and a trade promotion framework with over 20 nations this year in an effort to boost growth momentum and diversify its trade portfolio, the trade ministry said.
Britain began preparations on Friday for trade talks with South Korea, starting a consultation with businesses and individuals about what they want to see in a future free trade agreement.
The parties agreed to implement“relevant internal state procedures as soon as possible’ to start negotiations on the actual agreement, with the first round of talks planned for 2023.
Yonhap News Agency
South Korea and Ecuador on Monday began an eighth round of talks on the formation of a bilateral free trade deal, Seoul’s trade ministry said. If the deal is reached, South Korea will be the first Asian country to have a free trade agreement with Ecuador.
South Korea and India launched a new round of negotiations to upgrade their bilateral trade pact after a three-year hiatus, Seoul’s trade ministry said.
South Korea and a group of Arab countries will hold another round of negotiations for their free trade deal next week, Seoul’s trade ministry said. South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free trade agreement (FTA) in Seoul.
South Korea and Mercosur held their seventh round of free trade negotiations in September last year, but little progress has been reported since then.
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.