Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-183-000"
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"en.20110217.18.4-183-000"2
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"The Free Trade Agreement between the EU and South Korea will yield immediate, general benefits for many economic sectors in the EU, even though it will highlight the vulnerability of some. Furthermore, it will establish strict dispute resolution and safeguard procedures and provide monitoring intended to ensure that European companies have an adequate degree of security. The Korean market obviously offers significant opportunities for EU goods and services, but has remained until now relatively closed off due to high tariffs and costly non-tariff barriers. The agreement will succeed in quickly removing almost EUR 2 billion worth of EU export duties levied annually on exporters of industrial and agricultural products. It will generate immediate, substantial savings in several economic sectors. The benefits will become even more evident in the agricultural and services sectors as Korea is one of the most valuable export markets in the world for EU farmers, with annual sales in excess of EUR 1 billion. Against this background, all that remains for me is to welcome the adoption of the EU-Korea Agreement in the European Parliament, and I hope that there will be as many such free trade agreements as possible, starting with Canada and the US and ending with the BRIC states."@en1
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