Korea has allowed early initialing of the Free Trade Agreement in Octomer 2009 with the European Commission, which is second major trading partner after China. Korea and the EU initiated the final text of the deal containing removing tariffs from all industrial products. Both sides will access promising emerging markets. Manufacturing industry products such as cars, electronic goods and textiles are considered as Korea's main export items. On the other hand, some damages are inevitable at a business of stock breeding, agricultures and fisheries such as pork, chickens and dairy products. |