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Trade Agreements

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Korea - European Free Trade Association Free Trade Agreement

IcelandIceland
LiechtensteinLiechtenstein
NorwayNorway
SwitzerlandSwitzerland

Area of Cooperation

Goods, Services (including financial telecommunication services) Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement

Sign Date

January 1, 2005

In Force Date

January 1, 2006

Summary

The Korea-EFTA FTA will eliminate tariff and non-tariff barriers, promote liberalization and encourage economic cooperation.
http://secretariat.efta.int/Web/ExternalRelations/PartnerCountries/Korea/KR/KR_Agreement.pdf

Scope

                                                               i.      Country - Bloc

 
Rules of Origin

                                                               i.      Cumulating: diagonal provided that materials have undergone sufficient working or processing (Article 6 sets criteria for insufficient processing)

 
Contingency

                                                               i.      Anti - Dumping : Article 2.10 - parties maintain right to use AD but plan to review this in five years

                                                             ii.      Countervailing Duties : Article 2.9 - 30 day notification

                                                            iii.      Safeguards : Article 2.11 (bilateral safeguards) and Article 2.12

 
Additional Links

                                                               i.      http://www.mofat.go.kr/me/me_a002/me_b005/1195904_973.html