South Korea International Trade Agreements

South Korea now accepts INTERNATIONAL UNECE or EU standards as equivalent to all major South Korean technical regulations. If your vehicles meet these standards, your product does not have to meet additional requirements to be exported under the EU-South Korea trade agreement. The EU-South Korea trade agreement offers you better opportunities to apply for South Korean public contracts. These bodies also offer the opportunity to find solutions to market access problems and to strengthen regulatory cooperation. An annual trade committee at ministerial level has an oversight role and aims to ensure the proper functioning of the agreement. The rules of origin are laid down in the Protocol concerning the definition of the concept of `originating products` and the method of administrative cooperation to the EU-South Korea Free Trade Agreement (OJ L 347, 24.12.2006, p. 1). OJ L 127, 14.5.2011, p. 1,344). The EU-South Korea trade agreement contains four sectoral rules: under the EU-South Korea Free Trade Agreement, all rules on pharmaceuticals and medical devices must be published at an early stage so that companies have enough time to understand them. The agreement will create a customs committee capable of discussing and resolving differentiated differences in tariffs and trade facilitation, including transparency of subsidies.

If the EU or South Korea use subsidies, they must report annually the total quantity, nature and supply of subsidies. The EU-South Korea Free Trade Agreement promotes the enforcement of 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 free trade agreement also covers non-tariff barriers, notably in the automotive, pharmaceutical, medical device and electronics sectors. Since 2011, the EU-South Korea trade agreement has removed tariffs on almost all products. In addition, many other barriers to the export of EU products such as automobiles, pharmaceuticals, electronics and chemicals have been removed. Many services between the EU and South Korea have also been opened to investors and commercial companies. The Republic of Korea is a member of the World Trade Organization (WTO) and has signed subsidiary agreements, including TRIPs (Trade Related Aspects of Intellectual Property) and the Agreement on Government Procurement. Korea has been a member of the Organisation for Economic Co-operation and Development (OECD) since December 1996. The trade agreement contains clear rules for the registration of trademarks in the EU and South Korea. This gives you the opportunity to object to the registration of a trademark….