Brussels, 02/07/2012 (Agence Europe) - While the Commission provides a positive assessment, the car industry is concerned at the skewed relationship and South Korea's continued non-tariff barriers.
After just nine months in application, the EU-South Korea free-trade agreement, which came into force on 1 July 2011, saw EU companies make cash savings of €350 on customs duties and increase their exports by €6.7 billion, up 35% on 2007 levels. “This agreement is already proving its worth...