Press Release: EU and Korean negotiators hold third round of FTA negotiations

EU and Korean negotiators will begin their third round of FTA negotiations in Brussels on 17 September 2007. This round of talks will be led by senior officials from both sides. In July, the EU set the bar high by offering 100% tariff-free market access for Korean exporters to the EU market if Korea makes a similarly ambitious offer. The EU has never before taken such an ambitious position in a bilateral free trade negotiation. In return the EU is looking for substantial new access to the growing Korean market in key areas like automobiles, manufactured goods, investment and business services.