Europe Goes for Trade Gains
South Korea, EU: Multibillion-Euro Trade Deal Struck
Stratfor Today ยป-->October 15, 2009
A deal worth up to 19 billion euro ($28 billion) for European exporters has been made between the European Union and South Korea, removing most trade tariffs between the two, the BBC reported Oct. 15, citing EU Trade Commissioner Catherine Ashton. The deal, with a focus on services, manufacturing and agriculture, will come into effect in the second half of 2010 after ratification by the European Parliament.
DB: One more little loss of global economic leadership for the US to add to the pile. Good for Europe and bad for us.
Stratfor Today ยป-->October 15, 2009
A deal worth up to 19 billion euro ($28 billion) for European exporters has been made between the European Union and South Korea, removing most trade tariffs between the two, the BBC reported Oct. 15, citing EU Trade Commissioner Catherine Ashton. The deal, with a focus on services, manufacturing and agriculture, will come into effect in the second half of 2010 after ratification by the European Parliament.
DB: One more little loss of global economic leadership for the US to add to the pile. Good for Europe and bad for us.
posted by Donny Baseball at 10:11 AM
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