Since the establishment of the FTA Roadmap in 2003, the Republic of Korea (ROK) has actively pursued
FTAs with its key trading partners. So far, FTAs with Chile, Singapore, European Free Trade Association (EFTA), Association of South East Asian Nations (ASEAN), India and Peru,
EU, Turkey and the US have entered into force. The Korea-U.S.
FTA was signed in June 2007 followed by an agreement in December 2010. On March 15, 2012, the KORUS (Korea-U.S.) FTA entered into effect.
Korea concluded FTAs with Colombia, Australia and Canada in 2015.
On November 28, 2012, the launch the Korea - China – Japan FTA and RCEP negotiations were officially announced.
Korea is currently negotiating FTAs with Gulf Cooperation Council (GCC), Japan, and Mexico, and Korea and China announced the launch of the Korea-China FTA negotiation on May 2, 2010. The first round of negotiations was held in Beijing on May 14, 2012.
Prior to launching official negotiations, Korea is conducting preparation talks or joint research projects with prospective FTA partners including MERCOSUR, Israel, Central-America and Malaysia.