October 12, 2011 |
Congress has passed free-trade agreements with Panama, South Korea and Colombia, overriding objections from liberal Democrats to advance a key priority for both the White House and congressional leaders. Backers have billed the deals as job generators that will open up major markets to American businesses and level the playing field for workers. The agreements, originally negotiated by the Bush administration, faced firm opposition from labor groups, progressives and lawmakers from the Rust Belt protective of U.S. manufacturers.
December 12, 1985 |
U.S. and South Korean officials today abruptly broke off talks without explanation on a package of proposals aimed at easing trade friction between the two countries. Assistant Deputy Trade Representative Sandra Kristoff led a delegation of nine U.S. officials on what was scheduled as four days of talks with 20 Koreans on American demands for market reform.
July 20, 1990 |
North Korea today swiftly countered a South Korean challenge to temporarily open its heavily fortified border, laying down strict conditions before Koreans could walk between the two halves of their nation. Pyongyang imposed the conditions less than 10 hours after South Korean President Roh Tae Woo made the offer to open the border for five days centered around Korean independence day on Aug. 15.
January 9, 1989 |
More than 600 North Korean art works have arrived in South Korea, marking the first direct trade between the two rival Korean states, government officials said Sunday. The paintings and pottery, worth $104,000, were imported by Daewoo Corp. of Seoul in a deal with a North Korean trading firm, said the officials, who spoke on condition of anonymity.
October 18, 1989 |
President Bush and South Korean President Roh Tae Woo engaged in sharp verbal sparring Tuesday over South Korea's trade restrictions after Roh arrived at the White House seeking more time for his country to open its markets to American goods. Roh, in a metaphorical plea for delay, told the President: "If an apple is picked before it's ripe, it can be a bit tough and sour. When it's ripe, however, it's nice and sweet."
January 11, 2011 |
Even before the deterioration last year of already tenuous relations between North and South Korea, Pyongyang was suffering from a severe foreign trade slump, analysts say. The decline in trade, attributed in large part to international sanctions over North Korea's nuclear weapons program, was the largest for the reclusive nation since 1998, according to a new report by Seoul-based Korea Finance Corp. Total North Korean trade amounted to $3.41 billion in 2009, down 10.6% from 2008, the report says.