The agreement also provides for bilateral cumulation. Materials originating in South Korea may be considered as originating in the EU when used in the manufacture of a product in the European Union and vice versa. The rules of origin are laid down in the Protocol concerning the definition of the concept of `originating products` and the method of administrative cooperation to the EU-South Korea Free Trade Agreement (OJ L 347, 24.12.2006, p. 1). OJ L 127, 14.5.2011, p. 1,344). The EU and South Korea are now working together on technical regulations, setting standards and conformity assessments to facilitate international trade. This ensures that you do not waste money and/or time on double or multiple procedures. The text of the agreement was initialled on 15 October 2009 between South Korea and the EU.  It was signed at the EU-Korea Summit held in Brussels on 6 October 2010.   The European Parliament ratified the agreement on 17 February 2011.
 The South Korean legislature ratified the agreement on May 4, 2011.   The specific electrical and electronic products covered by the Agreement and the related provisions are set out in Electronic Annex 2-B and its Annexes. The EU-South Korea Trade Agreement contains four sectoral provisions relating to the EU-South Korea Free Trade Agreement, which had been provisionally in force since July 2011, before its formal ratification in December 2015. The Republic of Korea is a member of the World Trade Organization (WTO) and has signed subsidiary agreements, including TRIPs (Trade Related Aspects of Intellectual Property) and the Agreement on Government Procurement. Korea has been a member of the Organisation for Economic Co-operation and Development (OECD) since December 1996. Describes the bilateral and multilateral trade agreements in which this country participates, including with the United States. Contains websites and other resources for U.S. companies to get more information on how to use these agreements. Find out more about the practical application of the agreement.
The Free Trade Agreement between the European Union and South Korea is a free trade agreement between the European Union (EU) and South Korea. The agreement was signed on 15 October 2009.  The Agreement was provisionally applied from 1 July 2011 and entered into force on 13 December 2015, after being ratified by all signatories.  The agreement was the most comprehensive the EU has ever negotiated up to that date: import duties on all products are almost eliminated and trade in services becomes highly liberal. It contains provisions on intellectual property (including geographical indications), public procurement, competition, regulatory transparency and sustainable development. There are also specific obligations against non-tariff barriers in sectors such as automotive, pharmaceuticals and electronics.  The EU and South Korea meet regularly to discuss issues and best practices in the implementation of the agreement. . .