EU states seek more time on S.Korea pact-diplomats
BRUSSELS, May 8 (Reuters) - The initialling of a $100 billion trade pact between the European Union and South Korea is unlikely to take place this month after EU states asked for more time to give their political assent, diplomats said on Friday.
"A number of member states have asked for more details. Initialling at the summit is unlikely. A deal before the summer break is a more likely outcome," an EU source with knowledge of Friday's meeting of EU trade officials told Reuters.
EU and South Korean leaders will hold a summit on May 23 in Seoul to seek a final breakthrough in the talks aimed at lowering barriers to trade and investment. A deal with Seoul would be the EU's first such pact in Asia. (Reporting by Darren Ennis, editing by Dale Hudson)
© Thomson Reuters 2009 All rights reserved
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
