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Trade Agreement Eu South Korea

by Renkema

Negotiations began in May 2007[6] and are expected to be completed in March 2009; However, several issues had to be resolved before the agreement could be concluded. [10] Seven rounds of negotiations on different aspects of the agreements[10] were completed, during which issues were addressed with regard to several issues such as rules of origin, motor trade and the authorisation of certain tariff reductions. [9] The EU-South Korea Trade Agreement contains four sectoral rules on the trade agreement that set out clear rules for the registration of trade marks in the EU and South Korea. This gives you the opportunity to object to the registration of a trademark. The agreement has created new opportunities for access to the services and investment market and contains provisions in areas such as competition policy, public procurement, intellectual property rights, regulatory transparency and sustainable development. You can read here the chemicals covered by the agreement: The chemicals in Annex 2-E. The agreement includes investments in both services and other economic activities, including the EU-South Korea trade deal expands treaties you can compete for. In South Korea, EU companies can now apply for Build-Operate Transfer (BOT) (concession services) contracts. If your company is a European construction and services company, you can compete for large infrastructure projects in South Korea, for example. B the construction and operation of motorways.

NOTE: The trade agreement applies to customs duties and not taxes. VAT applicable to imports into the EU or South Korea still has to be paid. 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). Find out more about the practical application of the agreement. The EU-South Korea trade agreement protects European geographical indications (GIs), as the trade agreement also requires subsidies to be transparent. If the EU or South Korea use subsidies, they must report annually the total quantity, nature and supply of subsidies. We expect the EU-South Korea Free Trade Agreement to enter into force on 1 July 2011. We sell plastic items in South Korea and have been informed that, under this new agreement, the South Korean tariff will be lowered – or even zero – by 9%. The text of the agreement was adopted on 15 October 2009 initialled on 1 October 2009 between South Korea and the EU. [19] It was signed at the EU-Korea Summit held in Brussels on 6 October 2010. [16] [19] The European Parliament ratified the agreement on 17 February 2011.

[16] The South Korean legislature ratified the agreement on May 4, 2011. [20] [21] The trade agreement outlines enforcement measures in the event of infringement of intellectual property rights such as the agreement ensures that competition rules also apply to state-controlled companies or enterprises and prohibits certain types of subsidies deemed particularly harmful to competition A public electronic database containing applications and registrations is available to you to verify trademarks. . . .