The European Union–South Korea Free Trade Agreement. A new model of trade and economic cooperation between developed countries
The European Union–South Korea Free Trade Agreement. A new model of trade and economic cooperation between developed countries

Summary/Abstract: The objective of the article is to present the nature and general content of the newly signed free trade agreement (FTA) between the European Union and the Republic of Korea. Firstly, the article presents briefly South Korea as a trade and economic partner in the present global economy as well as bilateral EU–Korean economic co-operation. Subsequently, it concentrates on strategies and motives of both partners for starting negotiations on a new FTA. It also presents main commitments included in the agreement concluding with the general impact of the FTA on the EU and South Korea.

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