Short EU-South Korea FTA presentation

The Free Trade Agreement (FTA) between the EU and South Korea is the first completed of the new generation of FTA launched by the EU in 2007. South Korea was designated a priority FTA partner in the Global Europe trade policy strategy of 2006. Global Europe argued that a comprehensive and ambitious FTA with South Korea, aiming at the highest possible degree of trade liberalization including far-reaching liberalization of services and investments, was clearly in the interests of both sides. The FTA is provisionally applied since 1 July 2011.
The text of the Agreement was translated into EU official languages and Korean. The authentic text of the FTA in 22 EU official language versions was published in the Official Journal of the European Union.

The French Korean Chamber of Commerce and Industry released on Sept. 29th, 2011, with the support of FTV Interpretation, Kim & Chang Law Firm and SAGA, a booklet on the Practical Use of the EU-Korea FTA. Find the information you need on the following chapters:

- Trade and Investment Statistics
- Key Benefits of the EU-Korea FTA
- How to Use the EU-Korea FTA?
- FTA Impact on Custom Duties
- Q&A on EU-Korea FTA(both sides)
- New Incoterms® 2011
- Practical information

“This Free Trade Agreement is the most ambitious trade deal ever concluded by the EU and should become a game-changer for our trade relations with Asia.” - EU Trade Commissioner Karel De Gucht.

“Korean businesses will have significantly enhanced access to the world’s largest markets. Most importantly, consumers in the two markets will be able to enjoy a broader variety of products at more affordable prices.” - Korean Minister for Trade, Mr. Jong-Hoon KIM.

Source : European Commission Trade (http://trade.ec.europa.eu/doclib/press)

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