OAS

 
MERCOSUR-Korea
  Background and Negotiations
   

MERCOSUR (composed of Argentina, Brazil, Paraguay and Uruguay) and the Republic of Korea initiated a joint study on the possiblity of a MERCOSUR-Korea free trade agreement in 2005. The first meeting of the joint study group took place in May 2005 in Asunción, Paraguay. The second meeting took place in August 2005 in Seoul, Korea.

On March 2, 2017, MERCOSUR and Korea completed their exploratory dialogue with a view to negotiating a trade agreement in the near future. The Chief Negotiators of MERCOSUR and the Viceminister of Trade and Investment of the Republic of Korea met in Buenos Aires, Argentina, on December 10, 2017 and agreed on the importance of quickly initiating negotiations for a Trade Agreement between MERCOSUR and Korea.

On May 25, 2018, MERCOSUR and South Korea launched trade negotiations in Seoul, Korea. The first round of negotiations took place in Montevideo, Uruguay on September 11-14, 2018. The second round of negotiations concluded in Seoul on April 6, 2019. The third round was held in Montevideo, Uruguay on July 8-12, 2019. The fourth round of negotiations ended on October 4, 2019 in Busan, Korea. The fifth round of negotiations took place in Montevideo, Uruguay on February 10-14, 2020. On March 3, 2020 MERCOSUR and Korea met in Seoul to review the status of the negotiations for the signing of a MERCOSUR-Korea trade agreement.

The VI Round of Negotiations for a Free Trade Agreement between Mercosur and Korea concluded on Friday June 4, 2021. More than 100 negotiators from both parties participated simultaneously throughout the week on issues related to Market Access for Goods, Services and Investments, Rules of Origin, Trade Defense, Sanitary and Phytosanitary Measures, Technical Barriers to Trade, Trade Facilitation, Intellectual Property Rights and Institutional Aspects.The VII round of negotiations for the Free Trade Agreement between Mercosur and Korea started on August 30, 2021.

Documents related to the negotiations
30 August 2021 Seventh round of Mercosur and Korea negotiations PDF format New!
31 May-04 June 2021 Sixth round of trade negotiations PDF format
03 March 2020 Seoul, Korea. MERCOSUR-Korea meeting PDF format
11 February 2020 Montevideo, Uruguay. Fifth round of trade negotiations PDF format
04 October 2019 Busan, Korea. Fourth round of trade negotiations PDF format
08-12 July 2019 Montevideo, Uruguay. Third round of trade negotiations PDF format
01-06 April 2019 Seoul, South Korea. Second round of trade negotiations PDF format
11-14 September 2018 Montevideo, Uruguay. First round of trade negotiations PDF format
25 May 2018 Seoul, South Korea. MERCOSUR and South Korea launch trade negotiations PDF format
10 December 2017 Buenos Aires, Argentina. MERCOSUR and South Korea agree on importance of beginning the negotiations of a trade agreement quickly PDF format
02 March 2017 Buenos Aires, Argentina. MERCOSUR and Korea conclude exploratory talks for a trade agreement PDF format
17-18 August 2005 Seoul, Korea. Second meeting for joint study on MERCOSUR-Korea trade agreement PDF format
04-05 May 2005

Asunción, Paraguay. Results of the first meeting for joint study on MERCOSUR-Korea trade agreement PDF format

Source: MERCOSUR, Ministry of Foreign Affairs and Trade of Korea; Ministry of Trade, Industry and Energy, Korea; Ministerio de Relaciones Exteriores y Culto, Argentina; Ministério das Relações Exteriores, Brazil; Ministerio de Relaciones Exteriores, Paraguay

  Sources
   
 

Recent Developments
  30 August 2021. Seventh round of Mercosur and Korea negotiations. New!

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