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Following the division of the Korean peninsula into a southern and a northern part at the end of the Second World War, the Republic of Korea (South Korea) was established in its southern part in 1948. The 1950 attack by the communist regime established in the northern part provoked a three-year war, which completely devastated the peninsula. When an armistice was signed in 1953, the Republic of Korea was one of the poorest countries in the world. Its political system was marked by a very strong attitude ...

The EU published its ‘Joint Communication on the EU strategy for cooperation in the Indo-Pacific’ on 16 September 2021. This Indo-Pacific Strategy lays out five crucial security issues in the region that directly affect the EU’s own security and prosperity. These are maritime security, nuclear security and non-proliferation, cyber security, trafficking, and terrorism. In order to deal with these security issues, the EU has CSDP missions and the CSDP toolbox at its disposal. In fact, the long-standing ...

Sustainability-related provisions are a key part of international trade negotiations. Since the free trade agreement (FTA) signed with South Korea in 2009, EU trade deals each include dedicated trade and sustainable development (TSD) chapters encompassing issues such as environment, labour rights, climate change and responsible business conduct. In an effort to step up implementation and enforcement of these chapters, in 2018 the Commission published a non-paper setting out a 15-point action plan ...

As part of its plan for recovery from the coronavirus pandemic, South Korea has launched its own Green New Deal. Announced in July 2020, this initiative will invest €54.3 billion mostly for enabling a shift to green infrastructure, low-carbon and decentralised energy, for spurring innovation in green industry and for creating 659 000 jobs. The plan will also support the commercial development of technology for large-scale carbon capture utilisation and storage (CCUS). In October 2020, South Korea's ...

The 47th G7 summit is scheduled for 11-13 June 2021, and will be chaired and hosted by the United Kingdom. After a year-long break caused by the pandemic and the former US administration's inability to organise the 2020 summit at a later date than initially scheduled, this year's event is expected to mark a return to strong global cooperation among the world's major democracies. The leaders of four guest states – Australia, India, South Africa and South Korea – will join the leaders of the G7 nations ...

North Korea and South Korea have been on different paths since World War II. The North has remained isolated and poor, its regime inspired by Soviet structures, with a centrally planned economy. The South, meanwhile, after alternating periods of autocratic and democratic rule, made a clear choice at the end of the 1980s in favour of democracy and a market economy, a choice that has led the country to success in several sectors. North and South Korea are still technically at war, as the military conflict ...

Globally, anti-trade sentiment is on the rise, meaning it is incumbent upon policymakers to explore and explain the benefits of free and open trade. This study examines the costs and benefits of various free trade agreements (FTAs) that the EU has completed, will complete, or is contemplating. With regard to completed FTAs, the EU has seen benefits in terms of consumer choice but has a much larger and positive impact on its partners (although not as much as ex-ante modelling would suggest). For forthcoming ...

US President Donald Trump met North Korean leader Kim Jong-un for a historic summit in Singapore on 12 June 2018. They reached a short agreement that emphasised the North's commitment to 'work toward complete denuclearisation of the Korean Peninsula', but provided no details on when Pyongyang would give up nuclear weapons or how that might be verified. Following the summit, the United States announced it had agreed with South Korea to suspend all planning on joint military exercises. This note offers ...

North Korea: No summit for the moment

At a Glance 24-05-2018

Following fears in 2017 of an escalation of the North Korean crisis, an unexpected detente has come in early 2018. North Korean athletes took part in the Winter Olympics in South Korea, and Pyongyang undertook a charm offensive followed by a successful historic inter-Korean summit in late April, which may prompt long-awaited peace talks. A summit between US President Trump and North Korean Leader Kim Jong un had been scheduled for 12 June in Singapore, but Trump called it off on 24 May. The main ...

The aim of this study is to provide an assessment of the application of the reciprocity principle in EU agri-food trade at global level. The report provides substantial evidence for progresses occurring at worldwide level in regulatory rapprochement. Scientific cooperation, collaboration between risk assessment bodies, harmonization of control procedures and early warning systems for emerging hazards can facilitate progress in this direction, reducing transaction costs and information asymmetries ...