Eu Korea Free Trade Agreement Full Text

South Korea has opposed previous free trade agreements, including with the United States. This EU agreement is bigger than that of the United States. But South Korea`s deputy finance minister Hur Kyung-wook said he believed the agreement would come into force in July 2010. [17] On 22 March 2011, the citizens` group Lawyers for Democratic Society (민사회를 위변호사모임) announced that there were 160 cases of error in the false translation in the Korean version of the document. [18] Learn more about the application of the agreement in practice. This chapter contains the parties` obligations with respect to intellectual property rights (IPRs) and, in particular, trademarks, copyrights, drawings and geographical indications. These complement and update the WTO agreement on trade-related aspects of intellectual property rights (TRIPS). The chapter also contains a section on the application of EU rules on intellectual property rights and rights applicable to rights holders and people at a distance and to the protection of intellectual property, based on internal EU rules contained in the enforcement directive. This is the third trade agreement signed between South Korea and the European Union.

The first, the Customs Cooperation and Mutual Assistance Agreement, was signed on 13 May 1997. [5] This agreement allows competition policy to be distributed between the two parties. [6] The second agreement, the Framework Agreement on Trade and Cooperation, came into force on 1 April 2001. The framework aims to strengthen cooperation in various industrial sectors, including transport, energy, science and technology, industry, environment and culture. [6] [7] In 2010, the EU and South Korea strengthened their broader relations with a strategic partnership. On May 10, 2010, the two sides signed a framework agreement that came into force on June 1, 2014. It forms the basis for enhanced cooperation on important political and global issues, such as human rights, the non-proliferation of weapons of mass destruction, the fight against terrorism, climate change and energy security. It is a comprehensive political cooperation agreement with a legal link to the eu-South Korea free trade agreement. The agreement established a number of specialized commissions and working groups between the two parties to monitor implementation.