July 13, 2009 / 11:18 AM / 11 years ago

EU eyeing £62 bln S.Korea trade pact

STOCKHOLM (Reuters) - The European Union hopes to finalise a $100 billion (62 billion pounds) trade pact with South Korea before the end of the year, Sweden’s prime minister, whose country holds the six-month rotating EU presidency, said on Monday.

“The finalisation of the agreement will follow during the Swedish presidency,” Prime Minister Frederik Reinfeldt told a news conference following talks with South Korean President Lee Myung-bak.

The agreement with Seoul to lower barriers to trade and investment would be the EU’s first such pact in Asia.

Reporting by Veronica Ek; Writing by Darren Ennis; Editing by Dale Hudson

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