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 wants to advance with trade negotiations with Mercosur. Discussions started back in 2018 and at the end of the month, a seventh-round is slated to take place.
South Korea’s trade ministry said Thursday it plans to expand economic ties with Uzbekistan by launching new projects in a wide array of areas from ICT to the medical sector, as the COVID-19 pandemic has recently weighed down bilateral business cooperation.
Chilean Foreign Affairs Minister Andres Allamand visited Korea to discuss upgrading the Korea-Chile free trade agreement as well as other cooperative measures ahead of the 60th anniversary of the establishment of diplomatic ties in April 2022.
South Korea will gradually lift or lower tariffs on more than 95 percent of its imported products from Indonesia and Israel as it has clinched trade deals with the two nations, the finance ministry said Tuesday.
Republic of Korea Suh Sangpyo has expressed his desire to sign a Free Trade Agreement (FTA) with Pakistan, saying that a FTA is essential for the promotion of bilateral trade.
South Korea on Tuesday held the sixth round of free trade talks with a group of South American countries, after around a year of hiatus amid the COVID-19 pandemic.
Israel and South Korea signed a free trade agreement (FTA) earlier this week, which is expected to increase trade between the countries to more than $3 billion.
South Korea held a public hearing on its bid to join a global pact on the digital trade sector that covers a wider array of issues beyond conventional free trade agreements.
South Korea is the first Asian country to have a free trade pact with Israel, which is expected to help Asia’s No. 4 economy enjoy advantages over other neighbors, including China and Japan.
Israel and South Korea are poised to sign a long-delayed free trade agreement (FTA) next week, sources close to the matter have informed Globes.
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.