Europe-Korea Free Trade Deal Puts Pressure On US

Law360, New York (October 16, 2009, 6:25 PM EDT) -- A free trade deal between the European Union and South Korea — designed to eliminate more than $2.3 billion in tariffs, as well as other barriers between the $97 billion trading partners — adds economic and political pressure on the United States to implement its own pact with the Asian powerhouse, experts say.

"The progress with the EU-Korea free trade agreement negotiations will no doubt make the U.S.-Korea free trade agreement a much more pressing and urgent issue for President [Barack] Obama and Congress," attorney Andrew...
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