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South Korea-EU Trade Pact Awaits Parliament Approval

Service : Economy
TEHRAN, March 2 (ICANA)- A ratification bill for a free trade deal between South Korea and the European Union will be submitted to South Korean parliament again due to minor translation errors, the Korean foreign ministry said recently.
Wednesday, March 02, 2011 2:03:08 PM
South Korea-EU Trade Pact Awaits Parliament Approval

The pact, signed last October and approved by the European Parliament earlier this month, still awaits legislative approval in Seoul, Xinhua reported.

The pact, if it goes into effect in July as scheduled, will eliminate about 98 percent of tariff and other trade barriers on manufactured goods, agricultural products and services over the next five years.

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