Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-02-17-Speech-4-197-000"
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"en.20110217.18.4-197-000"2
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"I voted in favour of this recommendation because I feel it takes a balanced view of the EU-Korea Free Trade Agreement. Until now the South Korean market place has remained relatively closed off due to high tariff levies and costly non-tariff barriers, but it will soon be able to offer significant new opportunities for EU goods and services. The Free Trade Agreement will quickly remove EUR 1.6 billion worth of EU export duties levied annually on EU exporters of industrial and agricultural products, with the comparable figure for South Korean exporters standing at EUR 1.1 billion. It will be important, however, to carefully monitor the volume of goods coming from that country, so that we can make use of the safeguard clause in the event that it increases excessively and threatens European jobs."@en1
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