Bilateral FTA
EU–Korea Free Trade Agreement (EU–Korea FTA)
The EU’s first new-generation FTA with an Asian partner, provisionally applied since 2011 and fully in force since 2015.
- Abbreviation
- EU–Korea FTA
- Status
- In force
- Type
- Bilateral FTA
- Scope
- Comprehensive (goods, services, investment and rules)
- Signed
- Oct 2010
- In force since
- Jul 2011
- Member countries
- 28
Key features
- Elimination or reduction of import duties on most goods, phased in according to each party’s tariff schedule.
- Origin can be declared by exporters or producers (self-certification or statements on origin), subject to conditions.
- Commitments on trade in services.
- Protection of geographical indications (GIs).
- Labour and environmental (trade and sustainable development) commitments.
Parties
European Union · 27 countries
- Austria
- Belgium
- Bulgaria
- Croatia
- Cyprus
- Czechia
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden