ISDS Case Map
Korea
The Mexican government is advancing its foreign trade agenda and will also negotiate a trade agreement with Korea because currently, 80% of Korean products enter Mexico without paying tariffs, while Mexican agricultural products pay up to 800% tariffs to enter the Korean market.
US President Joe Biden has announced a new economic framework deal for Asia-Pacific designed to boost investment in clean energy infrastructure, drive decarbonisation efforts and strengthen regional supply chains.
The US-led economic framework is designed to reorganize supply chains around the US — possibly sowing the seeds of conflict with China.
South Korea is "positively considering" joining an Indo-Pacific economic pact planned by the United States, a government official said.
Israel is accelerating efforts to sign free trade agreements with East Asian economic powers and Israel's vehicle market is likely to benefit from this over the coming months.
With the Korean government last year having ratified three conventions, including one prohibiting the use of forced labor, it has now ratified seven of eight core ILO conventions. Meanwhile, the US has ratified only two.
South Korea decided to join a mega free trade agreement involving 11 Asia-Pacific nations as the country seeks to diversify its export portfolio amid heightened economic uncertainty.
Top trade officials of South Korea and Australia vowed to boost cooperation on the US-led economic initiative in the Indo-Pacific region and other trade issue.
Hundreds of South Korean farmers and fishers protested in the country’s financial and political center, Yeouido, demanding the government reconsider its intention to enter into yet another free trade agreement.
A coalition of farmers and fishermen are against the government's move to join a trade agreement with 11 countries in the trans-Pacific area, saying their livelihoods will be threatened greatly if Korea opens its market to global sellers of cheaper agricultural and marine products.
