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Trade Agreement Eu South Korea

By on December 18, 2020 in Uncategorized

The trade agreement contains a number of measures to enforce cases of intellectual property infringement in the event of intellectual property infringement. B such as the EU and South Korea, which meet regularly to discuss issues and best practices in implementing the agreement. Committees, working groups and other bodies of the agreement meet regularly. This is the third trade agreement signed between South Korea and the European Union. The first, the Customs Cooperation and Mutual Assistance Agreement, was signed on 13 May 1997. [5] This agreement allows competition policy to be distributed between the two parties. [6] The second agreement, the Framework Agreement on Trade and Cooperation, came into force on 1 April 2001. The framework aims to strengthen cooperation in various industrial sectors, including transport, energy, science and technology, industry, environment and culture. [6] [7] 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. The agreement also allows for bilateral accumulation.

Materials originating in South Korea can be considered to be from the EU when used in the manufacture of a product in the EU and vice versa. The agreement contains provisions for trade remedies that relate to relevant WTO rules and provides for additional disciplines for these measures, including enhanced notifications and consultations. 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. 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. 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. The EU and South Korea are now working together on technical regulation, establishing standards and compliance assessments to facilitate international trade.

This ensures that you do not waste money and/or time in double or multiple procedures.

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