STORY
The European Union and South Korea have signed a digital trade agreement as part of the latest EU-Republic of Korea summit in Brussels. The agreement is designed to strengthen the existing trade relationship between the two sides and extend cooperation into digital services and online commerce.
The deal covers areas including cross-border data flows, electronic contracts, digital signatures, consumer protection and online trade. EU leaders said the agreement would complement the existing free trade agreement and support economic resilience at a time of growing geopolitical pressure on global supply chains.
The summit also covered defence, security, Ukraine, the Korean peninsula, artificial intelligence, research and the green transition. The agreement will now require approval through the relevant EU procedures, including scrutiny by the European Parliament.