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Cameron hails EU's S.Korea trade deal.

THE most sweeping trade deal ever concluded between the EU and another country was hailed by David Cameron yesterday afternoon as a big boost for the UK.

The Prime Minister, in a statement after the signing of the accord with South Korea in Brussels, declared: "We must put trade absolutely at the heart of the relations that the EU is building with the wider world. The EU-South Korea Free Trade Agreement (FTA) will be good for Europe and good for Britain."

He added: "It will make a great difference not just in terms of encouraging growth and trade with Korea today, but also in laying the ground for further free trade agreements between Europe and other countries, including India, in the future."

Subject to endorsement from Euro-MPs, the deal is triggered next July with the elimination of virtually all tariffs on goods between EU countries and South Korea.

It is the first such European pact with an Asian trading partner, and will be worth an estimated extra pounds 500 million a year for UK firms.
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Publication:Daily Post (Liverpool, England)
Date:Oct 7, 2010
Words:175
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