SEOUL, July 10 (AFP): The European Union has called for the complete elimination of tariffs in its proposal to South Korea before a second round of free trade negotiations, officials said today.
South Korea offered to scrap all tariffs on industrial goods. But it suggested that rice be excluded from any deal and that tariff cuts be delayed on 150 other agricultural and fisheries goods, the ministry of foreign affairs and trade said.
"The proposal was contained in a draft text on tariff concessions, which was exchanged by both sides recently," a ministry official told reporter on condition of anonymity.
Asia's third largest economy and the world's biggest trading bloc began talks in May and will hold a second round starting July 16 in Brussels.
EU urges Seoul to eliminate tariffs before free trade talks
FE Team | Published: July 11, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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