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Latest South Korea – United States Free Trade Agreement Stories

2010-12-03 19:55:00

WASHINGTON, Dec. 3, 2010 /PRNewswire/ -- Cargill today applauds U.S. and South Korean negotiators on finalization of a free trade agreement (FTA) between the two countries. U.S. President Obama announced this evening that outstanding issues related to the FTA between the United States and South Korea (KORUS FTA) had been resolved, clearing the path for the United States to move forward on Congressional consideration of the agreement. Cargill views the KORUS FTA as a vital step in...

2010-12-03 18:11:00

CHICAGO, Dec. 3, 2010 /PRNewswire/ -- Boeing (NYSE: BA) today issued the following statement from Boeing Chairman, President and CEO Jim McNerney, who chairs both the President's Export Council and the Business Roundtable Trade Committee. "The agreement on beef, autos and other issues that the Administration announced earlier today with the Republic of Korea is great news for the U.S. economy and American workers. The announced breakthroughs on some very difficult issues remove the final...

2010-11-10 10:00:00

International Nameplate Auto Dealers View Trip as a Positive Step for Trade ALEXANDRIA, Va., Nov. 10, 2010 /PRNewswire-USNewswire/ -- American International Automobile Dealers Association Chairman Rick DeSilva, a Hyundai and Subaru dealer in Mahwah, New Jersey, today issued the following statement regarding President Obama's visit to South Korea this week as part of a 10-day tour of Asia. "As nations everywhere work to climb out of the worldwide recession, it is more important than ever...

2009-04-22 07:44:09

A South Korean parliamentary committee approved a free trade agreement with the United States, sending the deal to a plenary session for ratification. The free trade agreement, signed in June 2007, has found opposition in both countries, Yonhap news reported Wednesday. Before the vote in Seoul, opposition lawmakers held a press conference asking representatives to postpone the vote until lawmakers in Washington appeared more likely to endorse it. They also reviewed concerns over a lack of...

2009-04-19 10:26:15

South Korea says the United States has yet to ask for a renegotiation of the delayed Korea-U.S. free trade agreement. South Korean Trade Minister Kim Jong-Hoon said Sunday at the Boao, China, Forum for Asia annual conference that despite repeated assertions by U.S. President Barack Obama during last year's campaign he was dissatisfied with the terms of the proposed deal, the White House has yet to seek to modify the pact, the South Korean news agency Yonhap reported. I have never heard that...

2009-04-12 08:15:42

The U.S. Trade Representative is aiming to avoid renegotiating a proposed U.S.-South Korean free trade deal, Seoul officials say. The South Korean Ministry of Foreign Affairs and Trade and the office of ruling party lawmaker Rep. Hong Jung-wook Sunday confirmed a U.S. trade journal report that Assistant U.S. Trade Representative Danny Sepulveda told business interests the USTR wants to address opposition to the trade deal without changing its text, something that goes against the reported...

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2009-04-06 09:50:00

South Korean and European Union officials said an expected trade agreement would have to wait another month, due to disagreements on tariff duty drawbacks. Although a final agreement was expected, a meeting between trade representatives in London failed to conclude with a document ready to sign, Yonhap News reported Monday. South Korea wants tariff duties returned to companies if the materials used in production were imported, Yonhap said. We expect both sides to meet again next month to iron...

2009-04-02 08:09:10

South Korea and the European Union are close to a trade deal that would knock off tariffs for at least 96 percent of the goods bought and sold between them. The two sides were scheduled to put the finishing touches on a trade agreement in London, the Yonhap news agency reported. Officials have already agreed to phase out tariffs on 96 percent of EU goods and 99 percent of South Korean goods. In one of the more sensitive issues previously negotiated, the trade partners agreed to phase out...

2009-03-10 10:04:22

The South Korean president's office called for the National Assembly to ratify a free trade agreement recently called unacceptable in the United States. President Obama's nominee for U.S. Trade Representative Ron Kirk in confirmation hearings for the position Monday evening called the agreement with South Korea simply unfair. In his testimony, Kirk said the deal simply isn't acceptable. Hours later, a spokeswoman for the presidential office Kim Eun-hye urged passage of the agreement as it is,...

2009-01-20 11:22:08

South Korea's trade minister said the European Union had agreed to an eighth and, possibly, final round of trade talks in March. We confirm that we have made significant progress during this week's talks, Trade Minister Kim Jong-hoon told reporters Tuesday, the Yonhap News Agency reported. EU negotiator Catherine Ashton agreed we have made significant progress. Calling the issues complex and complicated, Ashton said, our principle is to develop and support our business and the economy. A free...


Word of the Day
baudekin
  • A rich embroidered or brocaded silk fabric woven originally with a warp of gold thread.
'Baudekin' seems to be an alternative form of 'baldachin,' from the Italian 'Baldacco,' Baghdad, the city where the material was made.
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