EU–South Korea Free Trade Agreement

E841667

The EU–South Korea Free Trade Agreement is a comprehensive trade pact that significantly reduces tariffs and trade barriers between South Korea and the European Union, promoting increased economic integration and market access.

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Statements (73)

Predicate Object
instanceOf bilateral trade agreement
free trade agreement
international treaty
aim elimination of tariffs on industrial goods
elimination of tariffs on many agricultural products
enhanced investment conditions
improved market access for services
promotion of sustainable development
reduction of non-tariff barriers
strengthening economic integration
alsoKnownAs EUKOR FTA NERFINISHED
EU–Korea Free Trade Agreement NERFINISHED
EU–Republic of Korea Free Trade Agreement NERFINISHED
concludedIn 2010
coversSector agricultural products
automotive industry
electronics
financial services
machinery
maritime transport services
pharmaceuticals
telecommunications services
enteredIntoForce 2011
enteredIntoForceOn 1 July 2011
geographicScope European Union NERFINISHED
South Korea NERFINISHED
hasChapter competition
current payments and capital movement
dispute settlement
government procurement
intellectual property
trade and sustainable development
trade in goods
trade in services and establishment
hasImpactOn EU exports to South Korea
South Korean exports to the EU
bilateral trade volumes
foreign direct investment flows
hasProvision competition rules
dispute settlement mechanism
government procurement
intellectual property rights protection
investment liberalisation
regulatory cooperation
rules of origin
tariff elimination schedule
trade and sustainable development chapter
trade in services
language Korean
all official languages of the European Union
legalBasis EU common commercial policy NERFINISHED
monitoredBy EU–Korea Trade Committee NERFINISHED
specialised committees and working groups
negotiatedBy European Commission NERFINISHED
Government of South Korea NERFINISHED
negotiationStart 2007
partOf EU common commercial policy network of FTAs
party European Union NERFINISHED
Republic of Korea NERFINISHED
South Korea NERFINISHED
precededBy EU–South Korea 1997 Framework Agreement on Trade and Cooperation NERFINISHED
signedBy European Union NERFINISHED
Republic of Korea NERFINISHED
signedIn 2010
subject competition policy
intellectual property
international trade
investment
public procurement
services trade
sustainable development
tariff reduction
trade liberalisation

Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Germany–South Korea relations hasLegalFramework EU–South Korea Free Trade Agreement