Wednesday, July 14, 2010

Movement Needed to Reach Free Trade Deal with South Korea


Canada’s Minister of International Trade says the Republic of Korea will need to show signs of movement on a number of issues in order to justify of resumption of negotiations aimed at achieving a free trade agreement between the two nations.

The Republic of Korea has free trade agreements in place with India, Chile, Singapore, the European free trade area and ten southeast Asian countries, agreements have been negotiated with the United States and the European Union and are awaiting ratification and negotiations are underway with eight other nations including Canada.

International Trade Minister Peter Van Loan says there has been considerable progress since negotiations began in 2005 but there are some relatively intractable issues on which we will need to see some movement by Korea… Read more here.