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SOUTH KOREA, EU TO SEEK PACKAGE SOLUTION ON FREE TRADE DEAL.
SEOUL, Sept 1 Asia Pulse - Chief negotiators from South Korea and the European Union have agreed to seek a package solution on controversial issues such as auto trade after failing to narrow their gap in three-day free trade talks, officials said Friday.
South Korean Deputy Trade Minister Lee Hye-min and his European counterpart, Ignacio Garcia Bercero, participated along with other officials in the inter-session meeting held here from Wednesday to Friday.
Both sides agreed to hold a slew of working-level meetings on the sticky issues in mid-September, with high-level talks to be held in October, officials said.
Seoul and Brussels have held seven rounds of negotiations since the conclusion of a free trade agreement (FTA) between Seoul and Washington last year, as South Korea tries to gain greater footing in the 27-nation economic bloc that is its second-largest trading partner after China.
During the meeting, South Korea called for the EU to drop tariffs on Korean cars within three years after the bilateral free trade deal takes effect, mirroring the Seoul-Washington ...
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