Home

Business

Bulletin Board

Korean Culture

News

Products

Customer

    BULLETIN BOARD

   BUSINESS

♥  How do you forecast about the Free Tra de Agreement?

  Welcome to “Universe Trade Partners” home. The world today, have being integrated as a single market via internet-based economic activities, and we think about that is very natural things that we need to find business partners abroad in order to adapt to the these environment. The Korea now has intense aspirations to become a trade hub in northeast Asia. as you know the Korea is Asia’s fourth-largest economy, and so far, Korea has concluded FTA with Chile and Singapore, the European Free Trade Association (EFTA), the Association of Southeast Asian Nations (ASEAN), India, EU, Peru, and which it has already come into effect between nations.

  Furthermore, the Korea-United States Free Trade Agreement was ratified by the National Assembly on 22nd Nov’ 2011, and also the Korea continually has driving to make the FTA contract with other countries. Besides, the Korea now, negotiating FTA with Canada, Australia, Mexico, New Zealand Colombia is in progress, and several countries of these, are near to conclusion. And the countries in preparing negotiation or studying about the FTA are Japan, China, Israel, Malaysia, Indonesia, Vietnam, Mongolia, Central America, MERCOSUR.. In a changing of international market environment like this, It is evident show that suggest something greater likelihood to us, and we can see that it is time to think about what to do as a worldwide business in the long term.

  If you are looking for a new market for the new business or investment into Korea, we wish to cooperate with you as a global agency including all the business cases in the human society, only except the antisocial behaviors. For example, Matching Importers & Exporters, buyers & Sales Agency, Distributor, Investments, Research & Analysis, Joint-venture, Business Preparation in Korea and so on. We are waiting for you.

Step Process

Relative Nations

Status of FTA

Completion
FTA

Chile

Singapore

  Initiate Negotiation in Jan' 2004.
  Signed in Aug' 2005.
  Effected in Sep' 2006.

EFTA
(4 countries)

  Initiate Negotiation in Jan' 2005.
  Signed in Dec' 2005.
  Effected in Sep' 2006.

ASEAN
(10 countries)

  Initiate Negotiation in Feb' 2005.
  Signing the Agreement for trade of goods in Aug' 2006.
  Effected in Jun' 2007.
  Signing the Service Agreement in Nov' 2007.
  Effected in May' 2009.
  Signing the Investment Agreement in Jun' 2009.
  Effected in Sep' 2009.

India

EU
(27 counties)

Peru

  Initiate Nagotiation in Mar' 2009.
  Signed in Mar' 2011.
  Effected in Aug' 2011.

Signed

U.S

  Initiate Nagotiation in Jun' 2006.
  Complete Add Negotiations in Dec' 2010.
  Signed the Agreement of further Negotiation in Feb' 2011.
  Retified by the Natioal Assembly in Nov' 2011.
  Now on, remain another add Negotiation.

Negotiation
in
Progress

Canada

GCC
(6 countries)

  Hold prior consultations in Nov' 2007.
  (So far, Held 3 times Negotioation)

Mexico

  Initiate Negotiation in Dec' 2007.
  Held in the third Negotiation in Jun' 2008.

Australia

  Private Collaborative Research period in May 2007~Apr 2008.
  Held twice a preliminary intergovernmental agreement.
  in Oct' 2008.
  Held four times meetings between session.

New Zealland

  Private Collaborative Research period in Feb 2007~Mar 2008.
  Held twice a preliminary intergovernmental agreement.
  in Sep' 2008.
  Held four times meetings between session.

Colombia

  Private Collaborative Research period in Mar 2009~Sep 2009.
   (So far, Held 5 times Negotioation)
  Held twice a preliminary intergovernmental agreement.
  in Sep' 2008.
  Held four times meetings between session.

Turkey

  Private Collaborative Research period in Jun 2008~May 2009.
   (So far, Total 3 times of Negotioation).

  Japan, China, MERCOSUR(4 countries), Israel, Vietnam, Mongolia,
  Central America(6 countries), Malaysia, Indonesia.

♥ The review of the Free Trade Agreement

  In conclusion, Regional economic integration will be affect to member countries in social, cultural, political, and economic ways. Heretofore, the company has been being protected in their domestic markets by means of trade-related policies at the national level. However, Regional economic integration will reduce or eliminate tariff barriers between countries, and as a result It will be producing the dynamic effects on trade and investment as well as global services industry flows. We believe that international trade would be more vitalization because FTA will be an advantage to consumers by allowing access to more goods at a lower price than would have been possible without integration.