The EU-South Korea trade agreement protects European geographical indications (GIS) by effectively addressing unfair and anti-competitive trade practices, including the trade agreement that imposes subsidy transparency. If the EU or South Korea use subsidies, they must indicate each year the total amount, nature and supply of the subsidies. The EU and South Korea are cooperating in the recognition of disease-free zones to increase predictability for you as an exporter. The EU-South Korea trade agreement offers you better opportunities to apply for South Korean government contracts. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States. Includes websites and other resources that allow U.S. companies to get more information about how they can use these agreements. 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. The EU-South Korea trade agreement contains four sectoral rules that, prior to the agreement, required European exporters of consumer electronics and household appliances destined for South Korea to implement duplicate and costly verification and certification procedures in South Korea to sell their products. However, you can now take advantage of an improved regulatory environment for your products. 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. 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 FREE Trade Agreement BETWEEN the EU and South Korea encourages compliance with 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 specific electrical and electronic products covered by the agreement, as well as related provisions, are included in Schedule 2-B Electronics and its annexes. The following agreements have been replaced by the European Union-Turkey customs union: Korea has free trade agreements with ASEAN, Australia, Canada, Central America (in part), Chile, China, Colombia, India, New Zealand, Peru, Singapore, the European Union and the European Free Trade Association (Norway, Switzerland, Iceland and Liechtenstein), the United States, Turkey and Vietnam.