S. Korea, EU Pen Free-Trade Deal

Law360, New York (October 15, 2009, 5:53 PM EDT) -- Negotiations for a free-trade agreement between members of the European Union and South Korea have ended on a positive note, with officials on both sides of the bargaining table agreeing to remove virtually all tariffs and many nontariff barriers between the two economies.

The deal, announced Thursday by EU Trade Commissioner Catherine Ashton and South Korean Trade Minister Kim Jong-Hoon, is estimated to be worth up to €19 billion in new trade for EU exporters and is “the most important ever negotiated between the European Union...
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