UPDATE 1-EU states seen backing EU-S.Korea trade pact-diplomats
* EU trade diplomats expected to back EU-S. Korea trade pact
* Key meeting of diplomats on Friday
* Car industry concerns seen addressed in latest proposal
* EU hopes to initial deal at May 23 summit in Seoul
By Darren Ennis
BRUSSELS, May 7 (Reuters) - European Union member states are expected to back the initialling next month of a $100 billion trade deal with South Korea, diplomats said on Thursday before a meeting of EU trade officials.
The diplomats told Reuters that a majority of the EU's 27 member states have indicated they will support the deal to tear down trade barriers with Seoul, held up by the concerns of Europe's ailing but influential car industry.
"It looks like most of the concerns have been addressed in the latest negotiating paper," one diplomat told Reuters. Continued...
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
GLOBAL RECOVERY
Global economy in holding pattern - IMF
The global economy is in a holding pattern and vulnerable to more upheaval, the head of the IMF said, adding a lasting recovery will depend on policymakers taking the proper steps in the coming months. Full Article
India
US
UK
