The impact of the future Free Trade Agreement between the European Union and South Korea on the European and Romanian economies – a marketing research

Abstract

The signing of a Free Trade Agreement between South Korea and the European Union is one of the main goals of the General Affairs and External Relations Council of the EU. The FTA between the EU and South Korea will have a significant impact on the European economy with positive and negative consequences. The goal of this study is to determine the opportunities and possible threats for the European and Romanian economies. The most important effects of this Free Trade Agreement could be summarized in the increase of productivity and efficiency and spreading of innovation within a great number of industries.Free Trade Agreement, EU, South Korea.