South Korea Trade Agreements List
By : Nicole -
Under the EU-South Korea free trade agreement, all rules on medicines and medical devices must be published at an early stage so that companies have sufficient time to understand them. It went beyond all previous EU agreements to remove trade barriers and was also the EU`s first trade agreement with an Asian country. 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. In addition, the trade agreement requires that subsidies be transparent. If the EU or South Korea use subsidies, they must indicate each year the total amount, nature and supply of the subsidies. In the first five years of the agreement, EU exports to South Korea increased by 55%, European companies saved 2.8 billion euros in tariffs and trade in goods between the EU and South Korea reached a record level of more than 90 billion euros. The U.S.-Korea Free Trade Agreement came into force on March 15, 2012. If you are an American exporter, here are Resources to answer your questions about the US-Korea trade agreement: the trade agreement preserves EU rules and rules in the chemical sector and introduces regulatory transparency cooperation in areas such as the EU-South Korea trade agreement, which offers you better opportunities to apply for South Korean government procurement. The EU-South Korea Free Trade Agreement (FTA) had been in force on an interim basis since July 2011, before being officially ratified in December 2015. The trade agreement contains clear rules for trademark registration in the EU and South Korea. This gives you the opportunity to object to the registration of a trademark. The TRADE agreement BETWEEN the EU and South Korea contains four sectoral rules for the trade agreement BETWEEN the EU and South Korea, which will expand the treaties for which you can compete.
In South Korea, EU companies can now offer “build-operate transfer” (BOT) contracts( concession services).