**The European Union and South Korea have signed a trade deal that could be worth up to 19bn euros ($28bn; £17bn) to European exporters.**The deal would remove most of the trade tariffs between the two partners.
It would “create opportunities for European companies in services, manufacturing and agriculture,” said EU Trade Commissioner Catherine Ashton.
She added that the new agreement would help fight the economic downturn and create new jobs.
The agreement is expected to come into force in the second half of next year, once it has been ratified by the European Parliament.