On October 6, the European Union and the Republic of Korea signed the world’s second largest free trade agreement. Ho-Jin Lee explains that the agreement will strengthen economic and strategic cooperation between the two sides, and argues that it provides a challenge to the United States to ratify its own FTA with Korea, or risk losing ground to its competitors.
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The EU-Korea FTA: A Boost to Economic Recovery and a Challenge to the U.S.
On October 6, the European Union and the Republic of Korea signed the world’s second largest free trade agreement. Ho-Jin Lee explains that the agreement will strengthen economic and strategic cooperation between the two sides, and argues that it provides a challenge to the United States to ratify its own FTA with Korea, or risk losing ground to its competitors.