Taiwan Products to be Affected by EU-Korea FTA | Chinafastener.info

Article by · 2011/07/04 ·

Taiwan-EU trade last year increased 31%. In addition, EU exports to Taiwan surged to a record high of US$17.6bn in the first four months this year.

About 1,500 Taiwanese products face a growing threat from South Korean exports in the European market as a result of a comprehensive free-trade agreement (FTA) between the EU and South Korea, which took effect on Friday, economic officials said on Saturday.

In its FTA talks with other countries, the EU is expected to hold up its agreement with South Korea as a model because of its wide scope, …

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