_Impact of the EU-Korea FTA on the EU’s trade relations in the region: EU - South Korea
Source: EIAS Lunch Briefing The Impact of the EU-Korea FTA on the EU’s Trade Relations in the Region- European Institute for Asian Studies (Brussels)
"Is a kind of benchmark, a reference document for further FTAs with Asian markets and therefore, pivotal to engage Japan in prospective FTA negotiations," Mr. Peter Berz, Acting Head of Unit, Trade Relations with South Asia, Korea and ASEAN, DG Trade, European Commission.
"Since the entering into force of the EU-Korea FTA, the registration of Japanese cars in the EU has gone down as the Koreans has increased – I do understand why Tokyo is keen to move the FTA talks forward," Mr. Glyn Ford, Board Member of the European Institute for Asian Studies.
"Products from South Korea may be now enjoying a comparative advantage in the EU market vis a vis with ASEAN’s exports- as it may be the case of electronic components," H.E. Mr. Dato' Zainuddin Yahya, Ambassador of Malaysia to the Kingdom of Belgium, the EU and the Grand Duchy of Luxembourg.
_The FTA's ongoing state of reckoning: EU - Japan
Sources: EU News, EurActiv & Euro Politics
Last May, Japan and the EU agreed to kick out preparatory free-trade agreement (FTA) talks. Five months on, discussions are on their way to iron out Japan’s concerns on removing non-tariff barriers and obstacles to access its public procurement market, as the European Parliament has expressed.
EU is hopeful of signing an economic cooperation agreement (ECA) with
the country, however, further discussions on the mechanism are still
needed - João Aguiar Machado, deputy chief of the Directorate General
for Trade, European Commission. "Taiwan
will push for the signing of an ECA with the EU as soon as possible -
Lin Sheng-chung, Vice Minister of Economic Affairs.
Taiwanese government sees the European market as a priority for
attracting investment and will tailor incentives based on market demand
in growth areas such as biotechnology and green energy - Christina Y.
Liu., Taiwan’s Council for Economic Planning and Development Ministry,
has adopted an ambitious climate and energy policy, this will require
substantial investment in cleaner and more efficient energy production
and consumption. European companies could certainly contribute to those
objectives as they are technology leaders in the field” - Philippe de
Buck, director-general of Business Europe - representing more than 22
million companies in 35