Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-05-05-Speech-2-335"
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"en.20090505.24.2-335"2
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"The negotiations on a free trade agreement with Korea are the most advanced of the EU’s ongoing trade negotiations. After two years of negotiations, we now have a comprehensive agreement within reach with the EU’s fourth-largest trading partner outside Europe.
The free trade agreement with Korea would create new market access in many areas of interest to EU exporters. By way of illustration: the agreement would swiftly eliminate EUR 1.6 billion of customs duties to the benefit of EU exporters; it would offer solid disciplines on non-tariff barriers in priority sectors such as the automotive, pharmaceutical, or consumer electrics sectors; it would provide significant new market access in services of special interest to EU service providers; it would offer the most ambitious package yet on intellectual property rights, government procurement, sustainable development and other rules issues; and it would foresee novel ways of involving civil society in the monitoring of how the free trade agreement is implemented, and protect our sensitivities with appropriate arrangements.
The free trade agreement would also present a useful point of reference for other negotiations. Moreover, concluding that agreement now would demonstrate the commitment of both sides to open markets as one response to the current economic environment.
At the end of the eighth round of negotiations in March 2009, both sides made important technical progress at their level, but a certain number of difficult issues remained unresolved.
EU Trade Commissioner Ashton and Korean Trade Minister Kim subsequently met in London on 2 April 2009. Despite intensive discussions, it was not possible to bridge gaps on the remaining issues, such as duty drawback and rules of origin.
The Commission is currently consulting on the best way forward."@en1
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