| EU-KOREA |
| EU-Korea FTA&EIA |
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| GOODS |
| Tariffs |
Non-tariff barriers - chapter 4
Agriculture partially covered, EU wine and cheese will enjoy zero duty and tariff-free quotas respectively in Korea's market. |
| Rules of Origin |
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| Contingency Measures |
| Anti - Dumping : |
| Countervailing Duties : |
| Safeguards : General safeguard clause allowing the re-esatblishement of the MFN duties for up to 4 years in case of sudden surge in imports. |
Standards : Korea will consider as equivalelnt many European standards and recognise European certificates (automotive, pharmaceutical and consumer electronics) |
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Notes:
http://ec.europa.eu/trade/issues/bilateral/regions/asem/pr230407_en.htm
Early announcement under Transaparency Mechanism for RTA in the WTO made (undated)- see http://rtais.wto.org/UI/PublicShowMemberRTAIDCard.aspx?enc=095/jf+4Q5KSvE5dXWOxrsW8O/lVqrlh+YcbBcnRxRY=
The agreement was signed on 6 Oct 2010 and will take effect 1 July 2011 pending ratification. |
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| SERVICES |
WTO Notification (GATS Art. V) : Notified
Date of notification 07/07/2011
Consideration Process :
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Liberalization Approach :
Modes Covered
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Specific Chapters on
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Specific Sectors Excluded
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Public Sectors carve-out :
Most Favoured Nation :
National Treatment :
Market Access :
Domestic Regulation :
Subsidies covered by services disciplines :
Denial of benefits for commercial presence :
Notes :
Article 5(a)--parties shall take steps to improve market access for services.
Link to schedules :
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| INVESTMENT |
Scheduling Approach :
Definition of investment :
Most Favoured Nation :
National Treatment :
Fair and Equitable Treatment :
Expropriation :
Board of Directors and executive personnel :
Invester - State arbitration : 
Denial of Benefits :
Additional BIT exists between the parties :
BIT list I :
Status:
BIT list II :
Status:
Notes :
Link to schedules :
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| TRADE FACILITATION |
| Customs procedures : No |
| Customs valuation : No |
| Trade regulations publication and administration (transparency) : No |
| E-Commerce / Paperless trade : No |
| Cooperation in trade facilitation : No |
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| OTHER AREAS |
| Government Procurement : Yes Chapter 9 |
| Investment : No |
| Competition Policy : Yes Chapter 11 |
| Intellectual Property : Yes Chapter 10 |
| Dispute Settlement : Yes Chapter 14. Arbitration within 160 days
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| Labor Mobility : No |
| Labor and Environmental Standards : No
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| Technical cooperation : No |
| Institutional mechanism : Yes Chapter 15. Six specialized committees and seven working groups. |
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Notes:
Protocol 3 on cultural cooperation |
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| RULES OF ORIGIN |
Cumulation
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Specific Process
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Heading Change
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De Minimis
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Minimum Content
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Drawback
Both partners maintain the right to refund duites on imports on parts in accordance with WTO rules with a special clause allowing for a cap of the refundable duites at a level of 5% |
Http Link
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Notes
Sensitive sectors (cars, textiles, agricultural and fisheries) use strict rules |
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