EU-Korea FTA: a stepping stone towards better subsidies' control at the international level* On 15 October 2009 a free trade agreement (FTA) between Korea and the EU, the EU's first with a trading partner in Asia, was initialled [1]. It is the most ambitious FTA ever negotiated by the EU, containing the most comprehensive deal on subsidies of any bilateral trade agreement so far. For the first time a bilateral trade agreement will contain substantive WTO+ rules on subsidies on goods that are enforceable through bilateral dispute settlement with commercial sanctions. II. The Global Europe strategy bears first fruits In its Global Europe communication [2] of 2006, the Commission set out how the renewed Lisbon strategy for growth and jobs [3] should be supplemented with an external
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The EU Council signs a Free Trade Agreement with the South Korean Government containing for the first time WTO+ rules on subsidies that are enforceable through bilateral dispute settlement with commercial sanctions
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