Fabian Demicoli

Council approves FTA with Korea

The Council has approved the free trade agreement with Korea. The provisional date of implementation was moved to 1 July 2011 in order to convince Italy to back the deal. Provided the consent of the European Parliament in November trade restrictions will be eliminated for most goods and services within the five years.

 

 

 

 

 

 

 

 

The agreement is especially good news for European retailers that will then be able to freely choose the format of their stores in Korea. They will also be able to offer an almost complete range of goods to Korean consumers.

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