EU KOREA SIA

The negotiation of a Free Trade Agreement (FTA) between the European Union and the Republic of Korea was launched on 6 May 2007 in Seoul and the negotiations are ongoing. The European Commission has supported a series of studies to Assess the Sustainability Impacts of prospective trade negotiations. The collaborative project the EU-Korea FTA Trade Sustainability Impact Assessment (SIA) is intended to produce studies in order to provide a deeper understanding of the sustainability impacts of the trade and investment aspects of the Free Trade Agreement and of the mechanisms through which they might affect both the EU and Korea. The studies will consider any relevant economic, environmental and social impacts resulting from the FTA. The studies will make policy proposals (both trade and non-trade related) for optimising the outcome of the negotiations, preventing and/or mitigating possible negative impacts and enhancing positive ones including through the identification of flanking..