‘Korea-EU FTA unlikely to take effect this year’
2010-09-16
The free trade agreement between Korea and the European Union is unlikely to take effect within the year due to opposition from Italy, Trade Minister Kim Jong-hoon said Wednesday.
“Plan A was to put the pact into effect within the year and it had EU’s agreement, but it now looks difficult for the plan to go ahead,” Kim said. He added that the EU supported the plans to bring the pact into effect as soon as possible and that such sentiments were expressed as recently as two or three weeks ago.
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