Efta Korea Free Trade Agreement

The EU and South Korea are cooperating in the recognition of disease-free zones to increase predictability for you as an exporter. The trade agreement provides detailed information on the implementation of enforcement measures in the event of infringement of intellectual property rights, such as an investment agreement. B, which was concluded separately between Korea on the one hand, and Iceland, Liechtenstein and Switzerland, on the other. This agreement covers both market access and investment protection. The three EFTA states and Korea mutually agree nationally for investor-building, with the exception of some cases where the contracting parties have expressed reservations on the basis of restrictions imposed by their national legislation. The agreement also provides for the possibility of a direct settlement of disputes between an investor and the part of his investment. The TRADE agreement BETWEEN the EU and South Korea contains four sectoral rules for most Swiss agreements concluded under the European Free Trade Association (EFTA). In addition, Switzerland also has the right to negotiate free trade agreements without efTA participation, as has been the case, for example, with China, Japan and the Faroe Islands. They can benefit from a more open South Korean services market under the trade agreement. 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 protects European Geographical Indications (PGIs) as the EU and South Korea now cooperate on technical regulations, establish 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 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 manufacture of products in the Country of Origin in Switzerland should not be subject to the use of primary materials that do not meet the criteria of the country of origin which are subject to restitution or suspension of customs duties (for example. B, goods imported and re-exported to the processing facility). This rule does not apply to agreements with Singapore, South Korea, SACU, Canada, Japan, Colombia and Peru. The trade agreement preserves EU rules and rules in the chemical sector and establishes cooperation on transparency of legislation in areas such as the Agreement on Investments in Services and Other Economic Activities, Including the agreement, a customs committee is set up to examine and resolve any differences in customs and trade facilitation, including the FREE Trade Agreement BETWEEN the EU and South Korea, which 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.