The chemicals covered by the agreement can be read here: Appendix 2-E Chemicals . They can benefit from a more open South Korean services market under the trade agreement. The trade agreement outlines enforcement measures in the event of intellectual property infringement, as you can read here on the pharmaceutical and medical products covered by the agreement: Appendix 2-D Pharmaceuticals and Medical Devices. In the first five years. B of the agreement, EU exports to South Korea increased by 55%, European companies saved 2.8 billion euros in reduced tariffs and trade in goods between the EU and South Korea reached a record level of more than 90 billion euros. The EU-South Korea trade agreement protects European geographical indications (G.A.), as the agreement effectively addresses unfair and anti-competitive trade practices, including the EU-South Korea free trade agreement, and all rules on medicines and medical devices must be published at an early stage so that companies have sufficient time to understand them. Importers may apply for preferential tariff treatment on the basis of a declaration of origin filed by the exporter. These subsidy rules apply to all products, with the exception of agriculture and fishing. 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. With respect to electrical safety, South Korea has the option of continuing to apply for third-party certification for a shortlist of 53 items if it can justify them pose a risk to human health and safety.
These are listed in the trade agreement of Schedule 2-B, Appendix 2-B-3. The agreement ensures that competition rules also apply to state-controlled enterprises or enterprises and prohibits certain types of subsidies considered particularly dangerous to competition. 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 EU and South Korea meet regularly to discuss issues and best practices in implementing the agreement. Committees, working groups and other bodies of the agreement meet regularly. A public electronic database of applications and registrations is available to verify trademarks. The database also contains information on rights to registered and unregistered designs.
These organizations also provide an opportunity to find solutions to market access problems and to establish closer regulatory cooperation. An annual trade commission at the ministerial level plays a supervisory role and aims to ensure that the agreement works. 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. Among the international standards bodies involved in this sector 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.  This agreement allows competition policy to be distributed between the two parties.  The second agreement, the Framework Agreement on Trade and Cooperation, came into force on 1 April 2001.