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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

Under preparation, or joint study

(4 agreements)

Mexico
  • Dec. 2007 Previous SECA upgraded into FTA, negotiation resumed
  • Jun. 2008 Negotiation suspended after the 2nd round
Bridgehead for North and Central America
GCC (6 countries)
  • Jul. 2008 Negotiation launched
  • Jul. 2009 Negotiation suspended after the 3rd round
  • (*GCC: Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Oman, Bahrain)
Resource-rich country, most preferred by businesses (as of 2015)
MERCOSUR
(5 countries)
  • Nov. 2016 Preliminary negotiations
  • (*MERCOSUR: Brazil, Argentina, Uruguay, Paraguay and Venezuela)
Largest South American market
EAEU
  • Aug. 2016 Private joint research completed
  • (*EAEU: Russia, Kazakhstan, Belarus, Armenia, Kyrgyzstan)

Emerging market with great potential for growth and geopolitical value

 

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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