Ministers from the Member States of the European Free Trade Association (EFTA) - Iceland, Liechtenstein, Norway and Switzerland - signed yesterday a comprehensive free trade agreement (FTA) with the Republic of Korea. The EFTA States are the first European States to sign a free trade agreement with the Republic of Korea, the world's eleventh largest economy and Asia's third largest exporter. The agreement is South Korea's third free trade agreement, following agreements with Chile and Singapore, with which EFTA has FTAs as well.
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