Brussels, 29/06/2011 (Agence Europe) - The most ambitious free-trade agreement ever negotiated bilaterally by the EU enters into force on Friday 1st July. Under this agreement, signed in October 2010 and then ratified by the European Parliament and South Korea, the EU and South Korea will from then on scrap 98.7% of customs duties over a five-year period, which they have been imposing in each of their respective trade areas. At the end of the transition periods, import tariffs will be...