I would ike to inform about European Commission Directorate-General for Trade

I would ike to inform about European Commission Directorate-General for Trade

Accessibility tools

  • Head to content
  • Head to navigation that is portal
  • Head to language choices
  • Head to site navigation
  • More details about accessibility options

Provider tools

  • Appropriate notice
  • Contact
  • Sitemap
  • Search
  • Accessibility
  • Snacks

Language selector

  • Present language: en

Present portal location

  • House
  • Trade
  • Policy
  • Nations and areas
  • Southern Korea

web web Site navigation

  1. Trade
  2. Policy
    1. Policy making
    2. EU position in globe trade
    3. EU and WTO
    4. Nations and areas
      1. Negotiations and agreements
      2. Developing
      3. Data
    5. Accessing areas
  3. Export and import guidelines
  4. Trade policy and you also

Web site content

Nations and areas

Southern Korea

The EU-South Korea trade that is free (FTA) had provisionally used since July 2011 before it had been formally ratified in December 2015.

It went further than just about any for the EU’s past agreements in raising trade obstacles, and had been also the EU’s very very very first trade handle A asian nation.

Observe how the EU-South Korea trade agreement benefits companies and communities over the EU

Trade photo

  • Southern Korea could be the EU’s eighth export destination that is largest for products, whereas the EU is Southern Korea’s 3rd biggest export market.
  • EU exports of products to Southern Korea increased by 77per cent from 2010 to 2018. This switched the EU’s trade in products deficit of €10.5bn in 2010 into broadly trade that is balanced 2018.
  • EU exports of solutions to Southern Korea increased by 82%, in comparison to 66% for EU imports through the nation, from 2010 to 2017. The EU had a trade that is €5.6bn solutions excess with Southern Korea in 2017.
  • On the same 2010-2017 duration, EU inwards international investment that is directFDI) shares increased by 112per cent and EU outward FDI shares (EU opportunities in Korea) increased by 39%.
  • The EU’s many goods that are significant to Southern Korea are equipment and devices, transportation gear and chemical services and products.
  • The primary EU imports from South Korea are machinery and appliances, transportation gear and plastic materials.
  • The EU is Southern Korea’s biggest international direct investor.

EU-South Korea: Trade in products

Trade in goods 2017-2019, € billions

Year EU imports EU exports Balance
2017 44.0 43.5 -0.5
2018 46.0 43.7 -2.2
2019 47.4 43.3 -4.0

EU-South Korea: Trade in solutions

Trade in solutions 2016-2018, € billions

EU imports EU exports Balance
2016 6.5 12 months 10.8 4.3
2017 7.1 11.3 4.2
2018 7.6 11.4 3.8

EU-South Korea: Foreign direct investment

12 months
Inward anulowanie subskrypcji willow app stocks Outward stocks Balance
2018 24.9 46.0 21.1

The current European Union of 27 Member States unless otherwise mentioned “EU” concerns for all indicated years.

Date of retrieval: 22/04/2020

EU and South Korea

1 July 2019 marked the anniversary that is eighth of EU-South Korea FTA. The agreement eliminates duties for commercial and goods that are agricultural a progressive, step by step manner.

Almost all of import duties had been eliminated last year. The remaining ones – except for a number that is limited of products – had been eliminated after 5 years on 1 July 2016.

The FTA additionally addresses barriers that are non-tariff trade, particularly within the automotive, pharmaceutical, medical products and electronic devices sectors.

The contract has generated brand brand brand brand new possibilities for market access in solutions and opportunities, and includes conditions in areas such as for example competition policy, government procurement, intellectual home liberties, transparency in legislation, and development that is sustainable.

The contract established lots of specialised committees and working teams between the 2 events observe execution.

These figures offer a chance to look for resolutions to advertise access issues and also to take part in better regulatory cooperation. a yearly trade committee at ministerial degree plays a supervisory part and it is built to make certain that the contract runs precisely.

More on the procedure regarding the contract in training.

This year, the EU and Southern Korea upgraded their wider relationship to a Strategic Partnership. On 10 May 2010 the 2 edges finalized a Framework Agreement, which joined into force on 1 2014 june. It gives a foundation for strengthened cooperation on major governmental and international dilemmas such as individual liberties, non-proliferation of weapons of mass destruction, counter-terrorism, weather modification and power protection. This really is an overarching governmental cooperation contract by having an appropriate backlink to the EU-South Korea complimentary Trade Agreement.

  • The Commission’s yearly reports regarding the utilization of FTAs have an area on Southern Korea.
  • Reality sheet: EU-South Korea FTA: a reading guide that is quick
  • Reality sheet: 10 key advantages of the EU-South Korea FTA

, centering on practical aspects, to simply help all stakeholders to completely exploit the opportunities given by the EU-Korea FTA .

EU–Korea FTA : EMC and safety certification that is electric.

A person guide for electromagnetic compatibility (EMC) and electric security official certification. The EU–Korea FTA establishes a regime that eases certification procedures for electric and products that are electronic.

  • Yearly Report in the utilization of the EU-Korea Free Trade Agreement
  • Annual Monitoring Report on Fragile Sectors
  • Reality sheet: EU-South Korea FTA : an instant reading guide
  • Fact sheet: 10 key benefits of the EU-South Korea FTA
  • For practical information concerning the application associated with FTA , please consult industry Access Data Base.

Committees and Dialogues

The EU and Southern Korea meet frequently to go over problems and greatest techniques whenever using the contract. The committees, working teams as well as other systems beneath the contract meet frequently.

I would ike to inform about European Commission Directorate-General for Trade

Accessibility tools

  • Head to content
  • Head to navigation that is portal
  • Head to language choices
  • Head to site navigation
  • More details about accessibility options

Provider tools

  • Appropriate notice
  • Contact
  • Sitemap
  • Search
  • Accessibility
  • Snacks

Language selector

  • Present language: en

Present portal location

  • House
  • Trade
  • Policy
  • Nations and areas
  • Southern Korea

web web Site navigation

  1. Trade
  2. Policy
    1. Policy making
    2. EU position in globe trade
    3. EU and WTO
    4. Nations and areas
      1. Negotiations and agreements
      2. Developing
      3. Data
    5. Accessing areas
  3. Export and import guidelines
  4. Trade policy and you also

Web site content

Nations and areas

Southern Korea

The EU-South Korea trade that is free (FTA) had provisionally used since July 2011 before it had been formally ratified in December 2015.

It went further than just about any for the EU’s past agreements in raising trade obstacles, and had been also the EU’s very very very first trade handle A asian nation.

Observe how the EU-South Korea trade agreement benefits companies and communities over the EU

Trade photo

  • Southern Korea could be the EU’s eighth export destination that is largest for products, whereas the EU is Southern Korea’s 3rd biggest export market.
  • EU exports of products to Southern Korea increased by 77per cent from 2010 to 2018. This switched the EU’s trade in products deficit of €10.5bn in 2010 into broadly trade that is balanced 2018.
  • EU exports of solutions to Southern Korea increased by 82%, in comparison to 66% for EU imports through the nation, from 2010 to 2017. The EU had a trade that is €5.6bn solutions excess with Southern Korea in 2017.
  • On the same 2010-2017 duration, EU inwards international investment that is directFDI) shares increased by 112per cent and EU outward FDI shares (EU opportunities in Korea) increased by 39%.
  • The EU’s many goods that are significant to Southern Korea are equipment and devices, transportation gear and chemical services and products.
  • The primary EU imports from South Korea are machinery and appliances, transportation gear and plastic materials.
  • The EU is Southern Korea’s biggest international direct investor.

EU-South Korea: Trade in products

Trade in goods 2017-2019, € billions

Year EU imports EU exports Balance
2017 44.0 43.5 -0.5
2018 46.0 43.7 -2.2
2019 47.4 43.3 -4.0

EU-South Korea: Trade in solutions

Trade in solutions 2016-2018, € billions

EU imports EU exports Balance
2016 6.5 12 months 10.8 4.3
2017 7.1 11.3 4.2
2018 7.6 11.4 3.8

EU-South Korea: Foreign direct investment

12 months
Inward anulowanie subskrypcji willow app stocks Outward stocks Balance
2018 24.9 46.0 21.1

The current European Union of 27 Member States unless otherwise mentioned “EU” concerns for all indicated years.

Date of retrieval: 22/04/2020

EU and South Korea

1 July 2019 marked the anniversary that is eighth of EU-South Korea FTA. The agreement eliminates duties for commercial and goods that are agricultural a progressive, step by step manner.

Almost all of import duties had been eliminated last year. The remaining ones – except for a number that is limited of products – had been eliminated after 5 years on 1 July 2016.

The FTA additionally addresses barriers that are non-tariff trade, particularly within the automotive, pharmaceutical, medical products and electronic devices sectors.

The contract has generated brand brand brand brand new possibilities for market access in solutions and opportunities, and includes conditions in areas such as for example competition policy, government procurement, intellectual home liberties, transparency in legislation, and development that is sustainable.

The contract established lots of specialised committees and working teams between the 2 events observe execution.

These figures offer a chance to look for resolutions to advertise access issues and also to take part in better regulatory cooperation. a yearly trade committee at ministerial degree plays a supervisory part and it is built to make certain that the contract runs precisely.

More on the procedure regarding the contract in training.

This year, the EU and Southern Korea upgraded their wider relationship to a Strategic Partnership. On 10 May 2010 the 2 edges finalized a Framework Agreement, which joined into force on 1 2014 june. It gives a foundation for strengthened cooperation on major governmental and international dilemmas such as individual liberties, non-proliferation of weapons of mass destruction, counter-terrorism, weather modification and power protection. This really is an overarching governmental cooperation contract by having an appropriate backlink to the EU-South Korea complimentary Trade Agreement.

  • The Commission’s yearly reports regarding the utilization of FTAs have an area on Southern Korea.
  • Reality sheet: EU-South Korea FTA: a reading guide that is quick
  • Reality sheet: 10 key advantages of the EU-South Korea FTA

, centering on practical aspects, to simply help all stakeholders to completely exploit the opportunities given by the EU-Korea FTA .

EU–Korea FTA : EMC and safety certification that is electric.

A person guide for electromagnetic compatibility (EMC) and electric security official certification. The EU–Korea FTA establishes a regime that eases certification procedures for electric and products that are electronic.

  • Yearly Report in the utilization of the EU-Korea Free Trade Agreement
  • Annual Monitoring Report on Fragile Sectors
  • Reality sheet: EU-South Korea FTA : an instant reading guide
  • Fact sheet: 10 key benefits of the EU-South Korea FTA
  • For practical information concerning the application associated with FTA , please consult industry Access Data Base.

Committees and Dialogues

The EU and Southern Korea meet frequently to go over problems and greatest techniques whenever using the contract. The committees, working teams as well as other systems beneath the contract meet frequently.

ÜRITUSE INFO
, ..
: - :

JÄRGMISED KOKKUSAAMISED