Korea’s 57th Trade Promotion Committee, chaired by Trade Minister Yeo Han-koo, reviewed ongoing FTA negotiations including the Korea-Mongolia CEPA (resuming June 2025), Korea-China FTA services/investment follow-up talks, and Korea-Morocco CEPA. The meeting also addressed the status of and response plans to US Section 301 trade investigations against Korea.
South Korea and Saudi Arabia signed an MOU on crude oil and gas cooperation to establish a mid-to-long-term resource cooperation framework. Saudi Arabia, Korea’s top crude oil supplier, previously committed to prioritizing crude and naphtha supply to Korea. The visit also advanced cooperation on manufacturing infrastructure (automotive, shipbuilding) and minerals/advanced industries.
Korea and the EU formally signed a Digital Trade Agreement (DTA), making the EU Korea’s second DTA partner after Singapore. The announcement also covers EU corporate investments totaling $165 million in Korea across advanced technology sectors, and high-level trade talks between Korea’s trade negotiation chief and EU Trade Commissioner Maroš Šefčovič on supply chains and […]
The 4th round of formal negotiations for a Korea-Bangladesh Comprehensive Economic Partnership Agreement (CEPA) is being held in Dhaka, Bangladesh from June 14–19, 2026. Eleven working groups are meeting on topics including goods concessions, services, and rules of origin. Korea is seeking to diversify export markets amid a rapidly changing global trade environment.
USTR has invoked the USMCA Rapid Response Labor Mechanism (RRM) against Mexico regarding alleged denial of workers’ rights at Newmont Corporation’s Minera Peñasquito silver-gold mine in Zacatecas. This is a formal trade enforcement action under the USMCA labor chapter targeting a specific facility. The RRM allows expedited review and potential remedies including tariffs on goods […]
Canada’s Minister of Foreign Affairs has introduced legislation titled ‘An Act respecting the prohibition of the importation of goods produced by forced labour.’ The bill would reinforce Canada’s existing framework to prevent forced-labour goods from entering the Canadian market. This represents a significant legislative step beyond the current Customs Tariff prohibition.
Korea’s Trade Minister Yeo Han-koo visited Morocco on June 11-12, 2026, meeting with Morocco’s Minister of State for Trade Omar Hejira. The two sides agreed to establish a director-general level working group to advance trade and investment cooperation, with the explicit goal of launching negotiations for a Korea-Morocco Comprehensive Economic Partnership Agreement (CEPA) as soon […]
UK and New Zealand ministers issued a joint statement regarding the New Zealand-United Kingdom Free Trade Agreement. The statement addresses implementation or progress of the bilateral FTA between the two countries. Specific details were not available in the snippet.
On June 9, 2026, Taiwan’s Trade Remedy Commission issued an affirmative preliminary injury determination in an antidumping investigation into certain polyamide film imports from China. The Commission found a reasonable indication that the domestic industry is materially injured by imports allegedly sold below normal value. The case proceeds under Taiwan’s trade remedy jurisdiction.
During President Lee Jae-myung’s EU visit, South Korea secured $165 million in foreign direct investment from four European advanced technology companies including Germany’s Orafol, France’s Quandela, Netherlands’ Prodrive Technologies, and Sweden’s Mycronic. The Ministry of Trade, Industry and Energy also signed a digital trade agreement with the EU at an investor roundtable in Brussels. The […]