Ad
European goods will enter the Korean market, and vice-versa, more freely from 1 July 2011 (Photo: Jungmoon)

EU to open markets to South Korea in July 2011

EU member states have clinched a compromise on the provisional application of a free trade agreement with South Korea, giving Italy an additional six months to prepare its auto industry for the opening-up of the EU market.

"It is a very big step in opening markets in Asia for our companies and this will create prosperity and jobs, of course in Korea, but also in Europe," Belgian foreign minister Steven Vanackere said on Thursday (16 September) during a press conference in Brussels.

<...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
European goods will enter the Korean market, and vice-versa, more freely from 1 July 2011 (Photo: Jungmoon)

Tags

Ad
Ad
Ad