Yonhap News AgencyJune 19, 2013 23:31
SEOUL, June 20 (Yonhap) -- The country's free trade agreement (FTA) with the European Union has helped keep its exports from plunging amid the prolonged financial crisis in Europe, the government said Thursday.
The Korea-EU FTA went into effect nearly two years ago on July 1, 2011.
According to the Ministry of Trade, Industry and Energy, the country's exports to EU countries came to US$43.7 billion during an 11-month period from July 1, 2012, down 6.5 percent from the same period a year earlier.
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