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Tag Archives: South Korea

India To Evaluate RCEP

India has not closed the door on the Regional Comprehensive Economic Partnership (RCEP), Indian foreign minister S. Jaishankar said recently, adding that New Delhi’s concerns were clearly expressed and the ball was in the court of the partner countries. According to the minister, there was a substantial gap between India’s position and that of other countries in the RCEP — 10 ...

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S. Korea’s Moon Optimistic About Inter-Korean Relations

South Korean President Moon Jae was optimistic about relations between South Korea and the Democratic People’s Republic of Korea (DPRK) although the inter-Korean ties are faced with difficulties caused by the deadlocked dialogue between the DPRK and the United States. Moon made the remarks during his televised New Year’s press conference in the presidential Blue House.  

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China, Korea, Japan Use Non-Tariff Barriers To Impede Imports

Countries like China, South Korea and Japan may boast of low tariffs but they have erected huge non-tariff barriers (NTBs), most of which are tailored to mask the ferocity of trade protectionism, in a bid to control the imports they deem undesirable. An internal analysis of the Indian commerce ministry ahead of the country’s pull-out of the RCEP deal in ...

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Japanese Trade Minister Still Hopeful On India’s Decision On RCEP

Despite India’s decision to exit of the ASEAN-led 15-nation Regional Comprehensive Economic Partnership (RCEP) Free Trade Agreement last month, officials from India’s Indo-Pacific partners Australia and Japan are still discussing the issue in the hope that the government will rethink the decision. Japanese trade minister Hiroshi Kajiyama will discuss the terms with Piyush Goyal today under which India can get ...

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South Korea To Sever Ties With Japan Over Dispute

South Korea plans to end ties with Japan until the dispute over Tokyo’s export restrictions is settled. South Korean chief negotiator Chung Hae-kwan revealed that South Korea will conduct a review of the steps to be taken apart from requesting the establishment of a panel. South Korea can request the establishment of a dispute-settlement panel at any time if it ...

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Japan Faces Major Trade Surplus In Months

Japan reported its first trade surplus in months. The country’s exports declined in the wake of US-China trade war. The value of imports saw a sharp decline due to falling oil prices. The surplus came to 17.3 billion yen, or about 160 million dollars, as reported by the finance minister. Imports fell to 14.8 percent year-on-year and exports tumbled to ...

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United States And South Korea Reach Agreement On Guaranteed Market Access For American Rice

United States Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue announced that the Trump Administration has reached an agreement with the government of South Korea on market access for U.S. rice. Under this agreement, Korea will provide access for 132,304 tons of U.S. rice annually, with an annual value of approximately $110 million. Korea also agreed to ...

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