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EU, Korea failed to finalize trade pact in London
South Korea and the European Union failed on Thursday to finalize a free trade deal, South Korean officials here said, adding they would seek a way to conclude the deal. South Korean Trade Minister Kim Jong-hoon and his EU counterpart Catherine Ashton met here to narrow differences on some remaining sticky issues, including a so-called duty drawback scheme and rules of origin, but failed to wrap up the agreement.
Tentative Free Trade Deal for S. Korea and Europe
South Korea and the European Union on Tuesday reached a tentative agreement to scrap tariffs on goods traded between them, a deal that, if ratified, would send a strong signal on free trade at a time of rising protectionist tendencies.
South Korea, EU Reach Agreement On FTA
Negotiators of South Korea and the European Union (EU) reached a tentative agreement on Tuesday over their free trade agreement (FTA), South Korea’s Yonhap News Agency reported.
`Korea-EU FTA to be concluded next month`
If ratified, the agreement will create the world’s second-largest free trade zone after NAFTA and create pressure to ratify the US-Korea FTA.
EU trade chief certain FTA can clear car hurdle
The European Union’s trade chief is confident she can convince member states to back a free trade pact with Korea, despite fierce opposition from the bloc’s embattled car industry.
S Korea, EU to hold talks on inter-session FTA
South Korea and the European Union (EU) will hold a high-level meeting in Brussels this week to settle controversial issues such as auto trade and rules of origin in their free trade negotiations
Whisky producers turn screw on Seoul
The Scotch Whisky Association will this week call on the European Union to step up the pressure on South Korea to lower its punitive 20% import tariffs in a groundbreaking free trade agreement that will help unlock the fifth largest whisky market in the world.
S Korea, EU free trade talks delayed
South Korea and the European Union (EU) agreed to delay their upcoming free trade talks by two to three weeks, South Korean Trade Minister Kim Jong-hoon said Wednesday.
EU downplays delay to Korean trade deal
The EU intends to move ahead with a free-trade agreement currently being negotiated with South Korea despite delays and grumbles from the European car industry.
British finance lobby calls for EU-S.Korea trade deal
International Financial Services London, representing banks, accountants and other financial industries, said it was disappointed that some European manufacturing groups opposed the deal and were calling for negotiations to be suspended.
S. Korea, EU agree to conclude FTA talks as soon as possible
Local media say South Korea wants to finalize the FTA talks within the first quarter this year and make it effective early next year.
EU car makers want to scrap EU-S. Korea trade pact
European car makers called Thursday for the European Union to scrap a draft free-trade deal with South Korea, saying it won’t let them increase exports during a sales slump at home.
South Korea, EU fail to reach deal on free trade agreement
Car imports remain a major divisive issue. The EU wants South Korea to replace all its existing regulations for European imported cars with international standards.
EU business group urges ambitious stance on Korea trade talks
The European Union should seek big reductions in tariffs and an end to rules that limit trade as part of its negotiations with South Korea on a free trade agreement, the E.U.’s main business group said in a letter released Monday.
EU FTA talks to resume next week
Trade ministers from Korea and the European Union will meet in Seoul next week to iron out divisive issues related to a free trade deal, officials said yesterday.
Korea-EU FTA Talks to Be Sped Up
The government will speed up negotiations with the European Union to clinch a free trade deal with an aim to implement the agreement in January next year.