- Negotiations
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
9-Feb-2022
Yonhap News Agency
South Korea and Britain have agreed to launch talks this year to upgrade their free trade deal in a move to deepen ties in digital trade and other new issues.
4-Feb-2022
Phnom Penh Post
A bill authorising the ratification of the Cambodia-Korea Free Trade Agreement (CKFTA) has been promulgated into law, moving the two Asian nations into the final stretch for the enactment of the deal
21-Jan-2022
Bloomberg
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.
20-Jan-2022
Yonhap
South Korea and Egypt agreed to conduct a joint feasibility study on a bilateral free trade agreement.
19-Jan-2022
The Korea Times
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.
14-Jan-2022
Global Times
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.
17-Dec-2021
Yonhap
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.
9-Nov-2021
Korea Herald
South Korea and Mexico have "closely discussed" the possible resumption of negotiations for a bilateral free trade agreement.
8-Nov-2021
Korea Herald
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.
4-Nov-2021
Yonhap News Agency
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.
Links
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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.
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