South Korea Archives

Second round of ‘green goods’ negotiations

October 2, 2014 By Import and Trade Remedies Blog 2 Mins Read

The European Commission’s EU Trade Newsletter of 2 October 2014, reported that on 22-26 September, the EU and 13 other members of the World Trade Organization participated in the second round of the green goods negotiations (liberalising trade in environmental goods and services) in Geneva. The objective of this initiative was to make it easier to trade green goods internationally.The following countries are taking part: Australia, Canada, China, Costa Rica, Chinese Taipei, the European Union,…

Australia – KAFTA signed

April 22, 2014 By Import and Trade Remedies Blog 1 Min Read

The Department of Foreign Affairs and Trade (DFAT) announced that on 8 April 2014 in Seoul, the Australian Minister for Trade and Investment Robb and South Korean Minister for Trade, Industry and Energy Yoon Sang-jick, signed the Korea-Australia Free Trade Agreement (KAFTA). Negotiations had been concluded in early December 2013. The legally verified text of the agreement was initialled by Chief Negotiators on 10 February 2014 and released to the public on 17 February 2014.…

Canada/S. Korea – Canada- Korea Free Trade Agreement announced

March 17, 2014 By Import and Trade Remedies Blog 5 Mins Read

On March 11, 2014, Prime Minister Stephen Harper announced that Canada and the Republic of Korea have concluded negotiations for a bilateral free trade agreement that will significantly boost trade and investment ties between the two countries, creating jobs and opportunities for Canadians in every region of the country. The Canadian Government issued a “backgrounder” on the Canada-Korea Free Trade Agreement (CKFTA) from which the following are excerpts:The CKFTA will provide Canadian businesses and workers…

Australia, Korea – Text of Australia-Korea FTA released

February 19, 2014 By Import and Trade Remedies Blog 1 Min Read

The Department of Foreign Affairs and Trade (DFAT) has announced that the legally verified text of the Australia-Korea Free Trade Agreement (KAFTA) was initialled by Chief Negotiators on 10 February 2014 and released to the public on 17 February 2014. Signature is scheduled for the coming months. DFAT Minister Robb and his Korean counterpart, Trade Minister Yoon, concluded negotiations on the 23 chapter KAFTA in early December 2013.

US – CBP updates FTA pages on its website

December 18, 2013 By Import and Trade Remedies Blog 1 Min Read

CSMS #13-000615 dated December 18, 2013 announced that each Free Trade Agreement (FTA) page on CBp.gov has been updated and expanded to include the following documents: Implementation Instructions Attachment A (Certification of Origin) General Note Link (Always current) Regulation Link (Always current) Agreement Text USITC Report (Includes the General note, the goods that went free immediately and the phase-out schedule to determine future duty rates.) Summaries and Reports (USTR) Implementation Act (The public law.) Presidential…

Australia, Korea conclude FTA negotiations

December 10, 2013 By Import and Trade Remedies Blog 2 Mins Read

On 5 December 2013, the Australian Government announced that Australia has concluded negotiations for a Free Trade Agreement (FTA) with the Republic of Korea, its third-largest goods export market and fourth-largest trading partner. The announcement stated: As a result of the Agreement, tariffs will be eliminated on Australia’s major exports to Korea and there will be significant new market openings in services and investment. The FTA translates to higher economic growth and more jobs for…

US – USTR responds to Korea’s expression of interest in TPP

December 2, 2013 By Import and Trade Remedies Blog 2 Mins Read

On November 29, 2013, the Office of the US Trade Representative announced that US Trade Representative Michael Froman issued a statement regarding the announcement made by Deputy Prime Minister Hyun Oh-seok of the Republic of Korea regarding the Trans-Pacific Partnership (TPP). In the statement, the USTR said that the United States welcomed Korea’s expression of interest in joining TPP because it plays an important role in the regional economy, and its interest in the TPP…

China and S. Korea complete first stage of FTA talks

September 12, 2013 By Import and Trade Remedies Blog 1 Min Read

On September 10, 2013, the Ministry of Commerce (MOFCOM) announced that the seventh round of South Korea and China Free Trade Agreement (FTA) talks was held in Shan Dong Province in September 3-5, 2013. Yu Jianhua, Deputy China International Trade Representative of MOFCOM, and Woo Tae-hee, South Korea’s Assistant Trade Minister co-chaired this round of negotiations. The two Parties reached agreements on coverage of the FTA agreement, which concluded the first stage FTA talks. The…

US – CBP expands Global Entry to certain citizens of S. Korea, Germany, Qatar, and the UK

August 9, 2013 By Import and Trade Remedies Blog 2 Mins Read

On August 9, 2013, US Customs and Border Protection (CBP) published in the Federal Register a general notice announcing that CBP is expanding eligibility for its Global Entry program to include citizens of the Republic of Korea who are participants in the Smart Entry System (SES), a trusted traveler program in the Republic of Korea (S. Korea); a limited number of citizens of the Federal Republic of Germany (Germany) who are participants in the Automated…