| Author (Person) | Beattie, Alan |
|---|---|
| Series Title | Financial Times |
| Series Details | 15.10.09 |
| Publication Date | 15/10/2009 |
| Content Type | News |
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Report of the initialing of a draft trade deal between the European Union and South Korea, October 2009. EU Trade Commissioner Catherine Ashton and Korean Trade Minister Kim Jong-hoon initialled the free trade agreement (FTA) on the 15 October 2009. The FTA is the most important ever negotiated between the European Union and a third country. The deal, estimated to be worth up to €19bn in new trade for EU exporters, will remove virtually all tariffs between the two economies, as well as many non-tariff barriers. The agreement will create new market access in services and investment. The deal also makes major advances in areas such as intellectual property, procurement, competition policy and trade and sustainable development. The FTA signals an important upgrade of the EU-South Korea relationship, together with a new Framework Agreement. |
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| Countries / Regions | Eastern Asia, Europe |
