Trade Agreement Korea

The specific electrical and electronic products covered by the agreement, as well as related provisions, are included in Schedule 2-B Electronics and its annexes. The EU-South Korea trade agreement protects European Geographical Indications (GIs) for more details on the practical application of the agreement. Korea has free trade agreements with ASEAN, Australia, Canada, Central America (partly), Chile, China, Colombia, India, New Zealand, Peru, the European Union and the European Free Trade Association (Norway, Switzerland, Iceland and Liechtenstein), the United States, Turkey and Vietnam. The full list of free trade agreements with Korea is available on the website of the Korean Ministry of Foreign Affairs (www.fta.go.kr/main/situation/kfta/ov/). For more information on the EU-Korea free trade agreement, see the EU`s website at ec.europa.eu/trade/creating-opportunities/bilateral-relations/countries/korea/. The trade agreement preserves EU rules and rules in the chemical sector and establishes cooperation on regulatory transparency in areas such as.B. The Republic of Korea is a member of the World Trade Organization (WTO) and has signed subsidiary agreements, including the Trade Related Aspects of Property Intellectual agreements and the Government Procurement Agreement. Korea has been a member of the Organisation for Economic Co-operation and Development (OECD) since December 1996. South Korea now accepts the EEC-UN`s international standards or EU standards as equivalent to all of South Korea`s important technical rules. If your vehicles meet these standards, your product will not have to meet additional export requirements under the EU-South Korea trade agreement. The FREE Trade Agreement BETWEEN the EU and South Korea encourages compliance with intellectual property rights by customs authorities and complements the minimum standards of the WTO agreement on trade-related aspects of intellectual property rights (TRIPS).

The agreement has created new opportunities for access to services and investment markets and contains provisions in areas such as competition policy, public procurement, intellectual property rights, regulatory transparency and sustainable development. For more information on this and other free trade agreements, please visit the Office of the U.S. Trade Representative. The TRADE agreement BETWEEN the EU and South Korea reduces the differences between the requirements for European and South Korean products by applying the same international standards. The relevant international standards bodies in this sector include the EU and South Korea, which have agreed on high labour and environmental standards for the protection of workers and the environment. The agreement will establish mechanisms to ensure compliance with these commitments, including through the participation of civil society. The customs authorities of the exporting country may authorize any exporter exporting goods outside the trade agreement to export declarations of origin for goods, regardless of their value.

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