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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]
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] And the EU is Korea's third largest export destination. [2]
The European Union has concluded free trade agreements (FTAs) [1] and other agreements with a trade component with many countries worldwide and is negotiating with many others. [2] The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to ...
France–South Korea relations have spanned over a period from the 19th century to the present. In 2016, France and Korea celebrated the 130th anniversary of diplomatic ties between the countries. [1] According to a 2013 BBC World Service Poll, 70% of South Koreans view France's influence positively, with only 11% expressing a negative view ...
The European Union is seeking security and defence industry partnerships with Japan and South Korea aimed at joint development of military equipment, the Nikkei reported on Sunday, citing a senior ...
South Korea: European Union–South Korea Free Trade Agreement (entered in to force on 13 December 2015) [23] Switzerland FTA (1973) Tunisia AA (1998) Turkey CU (1996) EU Overseas Countries and Territories [24] Vietnam: European Union-Vietnam Free Trade Agreement (2020)
see European Union–South Korea Free Trade Agreement; enforced provisionally from 2011 and fully from 2015; [2] EU's first trade agreement with environmental and labour components [3] 7 Peru 16 March 2009 21 March 2011 1 August 2011 see South Korea–Peru Free Trade Agreement: 8 United States 5 June 2006 30 June 2007 15 March 2012
For most economies worldwide, their leading export and import trading partners in terms of value are typically the United States, the European Union (EU) or China. Emerging markets such as Russia, Brazil, India, South Africa, Saudi Arabia, the UAE, Turkey, and Iran are becoming increasingly important as major markets or source countries in various regions.