Farmers seek edge to prosper from China FTA

Despite gloomy agriculture outlook, SMEs prepare for China opportunity Published July 4, 2013, on The Korea Herald This is the second and last in a series on the impact of the potential Korea-China Free Trade Agreement on the local agriculture industry. Seo Ji-yeon contributed to this article. ― Ed.   With Korean and Chinese policymakers due to wrap up the sixth round of negotiations on a free trade agreement between the two countries in Busan on Thursday, thousands of agriculture workers from across the country have been marching through the city in protest. More than 3,000 farmers wearing red protest…

EU FTA has silver lining for big firms

Published July 1, 2012 on The Korea Herald One year has passed since the much-lauded Korea-EU Free Trade Agreement went into effect on July 1 last year. However, high expectations that the tariff-cutting pact would give Korea’s exporters a boost into the European market have been lowered over the year as the sovereign debt crisis in the eurozone continues to weaken the region’s overall demand, said an economist. While 13.8 percent of Korea’s exports were sent to the EU in 2008, that share actually slid to 9.4 percent this year amid the eurozone’s debt woes and fierce competition from rivals…

[Unpublished] Trade in the eyes of Africa

Written in Accra, Ghana, in summer 2007 for New York University’s specialized reporting program   Sylvia Ashie sat among a dozen empty tables at her open-air restaurant in Tema, an industrial town outside of Ghana’s capital Accra, writing check after check, signing invoice after invoice. After a few moments of silence, still looking down at her checkbook, she asked, “Do you think people in the U.S. want to do business in places like this?” In the early ‘90s, Ashie, 57, owner of Sylvia’s Catering Services and restaurant, opened up a second business selling food ingredients to feed the factory workers at…