The EU-South Korea Free Trade Agreement (FTA) entered into force in July 2011 and is the first completed agreement in a new generation of Free Trade Agreements launched by the EU in 2007. It is also the EU's first trade deal with an Asian country. This new generation of agreements goes further than previous agreements in lifting trade barriers.
- The Agreement eliminates tariffs for industrial and agricultural goods in a progressive, step-by-step approach. Only a limited number of agricultural products are excluded from tariff elimination.
- In addition to eliminating duties on nearly all trade in goods, the agreement addresses non-tariff barriers to trade.
- It also includes provisions on issues ranging from services and investments, competition, government procurement, intellectual property rights, transparency in regulation to sustainable development.
For more information regarding the Free Trade Agreement between the European Union and the Republic of Korea, please check the following links
ITCCK special newsletter of EU-KOR FTA (Dec. 2011 – Italian language)
- Full text of the Agreement:
- European Commission: “The EU-Korea Free Trade Agreement in practice”
- Agenzia delle Dogane e dei Monopoli (Italian language)