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Free Trade Agreement Korea Turkey

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 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 to allow companies sufficient time to understand them. 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 The following agreements have been replaced by the EU-Turkey customs union: the EU and South Korea have agreed on high labour and environmental standards to protect workers and the environment. The agreement will establish mechanisms to ensure compliance with these commitments, including through the participation of civil society. 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. 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. The TRADE agreement BETWEEN the EU and South Korea contains four sectoral rules for the EU-South Korea trade agreement. In the first five years of the agreement, EU exports to South Korea increased by 55%, European companies saved 2.8 billion euros in tariffs and trade in goods between the EU and South Korea reached a record level of more than 90 billion euros. 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). 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 cooperating in the recognition of disease-free zones to increase predictability for you as an exporter. 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 rules of origin are set out in the protocol on the definition of “native products” and the method of administrative cooperation of the EU-South Korea Free Trade Agreement (OJ L 347 of 31.12.2006, p. 1). L127, 14.5.2011, p. 1,344). 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. The agreement lists PGIis that are processed in two facilities. 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. A free trade agreement between Korea and Turkey (the “Free Trade Agreement”