The free trade agreement also addresses non-tariff barriers, particularly in the automotive, pharmacy, medical device and electronics sectors. The TRADE agreement BETWEEN the EU and South Korea contains four sectoral rules on rules of origin, set out in the protocol on the definition of native products and the method of administrative cooperation of the EU-South Korea Free Trade Agreement (OJ L 199 of 11.12.2006, p. 1). L127, 14.5.2011, p. 1,344). The trade agreement between the EU and South Korea expands the treaties for which you can compete. In South Korea, EU companies can now offer “build-operate transfer” (BOT) contracts( concession services). If your company is a service and construction provider in the EU, you can apply for major infrastructure projects in South Korea, such as the construction and operation of motorways.B. It went beyond all previous EU agreements to remove trade barriers and was also the EU`s first trade agreement with an Asian country. The EU and South Korea are cooperating in the recognition of disease-free zones to increase predictability for you as an exporter. The agreement lists PGIis that are processed in two facilities.

The agreement removes tariffs on 98% of import duties and trade barriers for industrial products, agricultural products and services over a five-year period. [13] It ensures that South Korean vehicle emissions regulations are not harmful to European car manufacturers and contains a clause to protect European car manufacturers. [14] [15] [16] The EU-South Korea trade agreement offers you better opportunities to solicit South Korean government procurement. The trade agreement outlines enforcement measures in the event of intellectual property infringement, such as.B. since 2011, the EU-South Korea trade agreement has abolished tariffs on almost all products. In addition, many other barriers to exporting EU products such as automotive, medicines, electronics and chemicals have been removed. Many services between the EU and South Korea have also been opened to investors and businesses. 1 The EU-Korea Free Trade Agreement in practice – see page 3 2 South Korea: Trade Image, European Commission, 1 July 2019, 1 July 2019 marked the eighth anniversary of the EU-South Korea free trade agreement. The agreement phases out tariffs on industrial and agricultural products. The FREE Trade Agreement BETWEEN the EU and South Korea (EEA) removes almost 99% of all import tariffs on products originating in the EU or South Korea1, making exports easier and cheaper.

It has been in effect since 2011 and needs only a simple declaration to add to the commercial invoice. EU exports to South Korea increased by 77% between 2010 and 2018, with European companies benefiting from duty-free access to south Korea`s lucrative market2. 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.