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7/1/11

South Korea-EU free trade agreement takes effect - by Kelly Olsen

A landmark free trade agreement between South Korea and the European Union took effect Friday amid expectations of a boost to already booming commerce between the two sides
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The agreement brings together the 27-member EU, the world's largest economic bloc, and increasingly affluent South Korea, Asia's fourth-largest economy. It is the first such accord for the EU with an Asian country.

South Korean and EU lawmakers ratified the agreement earlier this year with the implementation date set for July 1.

For more: South Korea-EU free trade agreement takes effect - Boston.com

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