A couple of years ago the European Union placed a claim against Korea and a lot of countries joined in on that. The claim was not successful, in spite of the fact that Korea seemed to have some very extraordinary cost advantages over everybody else, or competitive advantages over everyone else.
Evidence of meeting #3 for International Trade in the 40th Parliament, 2nd session. (The original version is on Parliament’s site, as are the minutes.) The winning word was efta.
A recording is available from Parliament.