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Korea's FTA Status

우리나라 FTA 추진개황 이미지
  • 발효(11건)

    In effect (15 agreements)     Chile, Singapore, EFTA (4 countries), ASEAN (10 countries), India, EU (28 countries), Peru, USA, Turkey, Canada, Australia, China, New Zealand, Vietnam and Colombia

  • 타결(4건)

    Concluded (1 agreement) Central America (6 countries)

  • 협상중(6건)

    Underway (4 agreements) Korea–China–Japan, RCEP, Ecuador SECA, Israel

  • 협상준비

    Resumed (4 agreements)Mexico, GCC, MERCOSUR, EAEU

  • *SOURCE : Ministry of Trade, Industry and Energy (as of July 2018)

Overview of Korea’s FTA Implementation
Status Country Implementation Process Significance
Underway
(4 agreements)
Korea– China–Japan
  • 2003–2009 Private joint study
  • May 2010–Dec. 2011 Joint study involving the government, business sector, and academia
  • May 2012 Launching of FTA Negotiation within the year agreed in the trilateral summit meeting
  • Nov. 20, 2012 Launching of FTA negotiation announced
  • Five rounds of negotiations held (Mar., Jul.~Aug., Nov., 2013 / Mar., Sep., 2014)
  • Five rounds of working-level discussions conducted (Nov. 2014 / Apr., Jul., Dec., 2015 / Apr. 2016)
  • Five rounds of senior official meetings held (Jan., May, Sep., 2015 / Jan., Jun., 2016)
Foundation for the Northeast Asian economic integration
RCEP
  • Nov. 2011 RCEP implementation plan proposed by ASEAN
  • Nov. 20, 2012 Launching of negotiation announced in East Asian Summit
  • 13 rounds of negotiations held (May, Sep., 2013 / Jan., Mar.~Apr., Jun., Dec., 2014 / Feb., Jun., Aug., Oct., 2015 / Feb., Apr., Jun., 2016)
  • (*RCEP: Korea, China, Japan, Austrailia, New Zealand, ASEAN)
Contribution to economic integration of East Asia

Ecuador

SECA

  • Apr. 2012 Feasibility study agreed at the meeting between Korea's trade minister and Ecuador's trade vice-minister
  • Sep. 2012~ Jun. 2013 Private joint research conducted
  • Feb. 2015 Korea-Ecuador TA review meeting held
  • Apr. 2015 Public hearing for Korea-Ecuador TA 
  • Aug. 25, 2015 Negotiations for Korea-Ecuador SECA agreement announced (Seoul), preliminary negotiation held in Dec (New York)
  • Two rounds of negotiations held (Jan., Mar 2016)
Resource-rich country, bridegehead for the Central American market
Israel
  • Aug. 2009 Private joint research launched 
  • Aug. 2010 Private joint research completed
  • May 2016 Launching of FTA negotiation agreed
  • Jun 2016 First negotiation held
Strategic market for Western Middle East area

 

The information above is provided only as a reference for users and we are not legally liable for the errors in the content or the consequences of use of the information.
Please use the information above for reference purposes only and confirm the final information with relevant domestic law or administrative agencies.

The information above is provided by the Korea International Trade Association.

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