S. Korea plans FTA talks with Europe

Mon, 18 Oct 2004, 00:00 WIB | Source: AFP

SEOUL: South Korea and a bloc of four European countries have
reached a tentative agreement to launch talks early next year on
a bilateral free trade agreement (FTA), the foreign ministry here
said on Saturday.

South Korea plans to hold the talks with the European Free
Trade Association, a free trade bloc made up of Iceland,
Liechtenstein, Norway and Switzerland. The association was
launched in 1960.

South Korean officials said a free trade agreement with the
group would increase South Korean exports to that region by 26
percent annually and imports by 27 percent. -- AFP

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