ACEA

EU industries insist on improving trade deal with South Korea

Brussels, 13/07/2009 – The 133 Committee meeting of EU Member States representatives, on Friday 10 July in Brussels, did not give the green light to closing trade negotiations with South Korea. Contrary to the interpretation by the EU trade commissioner and the Swedish EU presidency, no deal was concluded. A significant number of Member States expressed clear concerns regarding the content and several asked for further improvements, including changes in the actual text.

Their request comes in addition to opposition voiced recently by several EU Commissioners and other Commission services. The European trade commissioner will have to seek improvements in the text in order to get the required unanimity among Member States to close negotiations with South Korea.

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• European metal and textile workers oppose trade deal with South Korea
• EU governments must denounce unfair competition to European industries in trade conditions for South Korea
• European automobile industry requests EU to suspend trade negotiations with South Korea
• Free trade agreement with South Korea must follow EU principles of mutual benefit and fair market access

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