Time to conclude a trade deal with Korea

The European engineering industries call for a prompt conclusion of the EU-South Korea trade negotiations that are now entering into a crucial final phase, following the recent successful meetings between Commissioner Ashton and her Korean counterparts.

Europe’s engineering industries plead for the continuation of a trade policy which rejects protectionism at home and which focuses on opening up markets abroad. “Our industries are heavily dependent on open markets and on our industries’ potential to export and invest globally. The Korean market is promising for our industry. However, European firms are already today disadvantaged vis-à-vis their competitors from EFTA countries that can export to Korea with lower or no duties. Soon Korea and the US will have ratified their bilateral free trade agreement. It is therefore high time that we in the EU conclude our negotiations with Korea too”, said Adrian Harris, Secretary General of Orgalime, the European engineering industries association.

10 February, 2009
Press release

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