16 July 2007 09:45 [Source: ICIS news]
PARIS (ICIS news)--The EU and South Korea will begin the second round of their Free Trade Agreement (FTA) negotiations in Brussels on Monday, with the EU looking to increase its exports of cars, chemicals and business services.
The EU claimed an ambitious FTA between the two could increase its exports to ?xml:namespace>
The EU is offering 100% liberalisation of its markets if
EU trade commissioner Peter Mandelson, who is leading the negotiations, will also call for
The EU is the biggest investor in
It wanted to focus the negotiations on removing non-tariff barriers and local regulations that made trade with Korea “unnecessarily complicated” and which “in some cases present greater obstacles than tariffs”, it said.
Mandelson launched the negotiations with Korean trade minister Kim Hyun-chong in May 2007.
Significant EU exports to
($1 = €0.73)
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