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Korea‚ EU FTA Takes Effect As of Midnight

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저작자 미상 (저작물 2267374 건)

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공표년도

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2011-06-30

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When the clock strikes midnight tonight the free trade agreement between Korea and the European Union will come into effect marking a new era for Korea's international trade.
The trade agreement gives Korean corporations almost unrestricted access to 500 million consumers‚ which makes it the biggest market in the world.
EU member states had a total gross domestic product of 16.4 trillion US dollars last year.
The July 1st ratification is a provisional one‚ meaning that 99 percent of the agreement will go into effect immediately.
After the pact is signed by all 27 EU member nations‚ it will go into full effect.
The deal will cut tariffs on 99 percent of Korean exports to the EU over the next three years‚ while tariffs on 96 percent of EU imports to Korea will be lifted.
Reporter : jenmoon@arirang.co.kr

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https://www.kf.or.kr

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