The European Union (EU) and South Korea are important trade partners: As of April 2023, Korea is the EU's third-largest importer. Excluding European countries, Korea has secured the third place on the list, following China and the United States. [ 1 ]

Apr 8, 2021 · The European Union (EU) is forging strong economic and political relations with the Republic of Korea. Education, science and technology and climate change are important areas of cooperation. The EU also has a policy of critical engagement towards the Democratic People's Republic of Korea (DPRK).

The EU-South Korea trade agreement provides you with better opportunities to bid for South Korean government procurement contracts. South Korea and the EU had already agreed to open up bidding for public procurement contracts to foreign companies under the WTO Government Procurement Agreement (GPA).

Jun 30, 2020 · Relations between the EU and the Republic of Korea are governed by three key agreements, namely the Political Framework Agreement, the Free Trade.

1 July 2021 marked the 10 th anniversary of the EU-Republic of Korea free trade agreement. The agreement eliminates duties for industrial and agricultural goods in a progressive, step-by-step manner. More on the operation of the agreement in practice.

EU trade relations with the Republic of Korea. Facts, figures and latest developments. The EU’s trade relations with the Republic of Korea* are governed by the EU-Republic of Korea Free Trade Agreement (‘FTA’ hereinafter), provisionally applied since July 2011 and formally ratified in December 2015.

The European Union–South Korea Free Trade Agreement is a free trade agreement between the European Union (EU) and South Korea. The agreement was signed on 15 October 2009. [1] The agreement was provisionally applied from 1 July 2011, [2] and entered into force from 13 December 2015, after having been ratified by all signatories. [3]

May 22, 2023 · The 10th EU-Republic of Korea summit took place in Seoul, as both partners celebrate the 60th anniversary of EU-South Korea diplomatic relations. The summit sent a strong signal of increased cooperation between two like-minded partners.

Mar 10, 2023 · The 19 th meeting of the Joint Committee between the European Union (EU) and the Republic of Korea (RoK) was held in Brussels on 8 March 2023. It was an opportunity to review progress in areas of bilateral, regional and global cooperation.

EU-South Korea trade agreement. Since 2011, the EU-South Korea trade agreement has eliminated customs duties on nearly all products (98.7%), including fisheries . and agricultural products. It has also reduced non-tariff barriers to . the exports of key EU products to South Korea, such as automobiles, pharmaceuticals, electronics and chemicals.