EU Trade Balance with Korea Improves on Back of FTA

  • Arirang News

    March 27, 2015 11:01

    The European Union has seen its trade balance with Korea vastly improve since the free trade deal.

    An EU report shows that its exports to Korea jumped 35 percent from the year before the deal took effect. Over the same period, Korea's exports to the EU remained the same.

    As a result, the EU's trade balance with Korea flipped from a US$8.2 billion deficit pre-FTA to a $3.8 billion surplus. The Korea-EU free trade agreement went into effect in July 2011.

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