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 trade agreement preserves EU rules and rules in the chemical sector and cooperates on regulatory transparency in areas such as bilateral and multilateral trade agreements to which the country is affiliated, 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. Turkey has considerable values for entering the EU`s largest economy (December 1995: Turkey signs a customs union agreement with the EU). 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. 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 specific electrical and electronic products covered by the agreement, as well as related provisions, are included in Schedule 2-B Electronics and its annexes.
Prior to the agreement, EU exporters of consumer electronics and appliances in South Korea were required to implement duplicate and expensive testing and certification procedures in South Korea to sell their products. However, you can now take advantage of an improved regulatory environment for your products. Wines and spirits are processed in Schedule 10-B of the agreement and include, for example: the following agreements have been replaced by the European Union-Turkey customs union: Korea has free trade agreements with ASEAN, Australia, Canada, Central America (part), Chile, China, Colombia, India,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. The full list of free trade agreements with Korea is available on the website of the Korean Ministry of Foreign Affairs (www.fta.go.kr/main/situation/kfta/ov/). For more information on the EU-Korea free trade agreement, see the EU`s website at ec.europa.eu/trade/creating-opportunities/bilateral-relations/countries/korea/. 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 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). Under the EU-South Korea free trade agreement, all rules on medicines and medical devices must be published at an early stage so that companies have sufficient time to understand them. The customs authorities of the exporting country may authorize any exporter exporting goods outside the trade agreement to export declarations of origin for goods, regardless of their value.
The exporter must provide the customs authorities with sufficient guarantees to verify the original character of the products and compliance with all other requirements of the agreement (protocol).