South Korean market and media gave a warm welcome to the report that the European Union (EU) approved the South Korea-EU free trade pact which was initialed in October, 2009.
Approving the trade deal, the EU also agreed to have it go into effect from July 1, 2011, as a result of long-lasting rounds of bilateral negotiation.
The two sides are expected to seal the accord at a summit in Brussels on Oct. 6 if ratified by both South Korean parliament and the European Parliament.
Approving the trade deal, the EU also agreed to have it go into effect from July 1, 2011, as a result of long-lasting rounds of bilateral negotiation.
The two sides are expected to seal the accord at a summit in Brussels on Oct. 6 if ratified by both South Korean parliament and the European Parliament.
