South Korea-UK FTA first-round improvement negotiations commence

-

South Korea-UK FTA first-round improvement negotiations commence


South Korea-UK FTA first-round improvement negotiations commence


The first official negotiations to enhance the South Korea-UK Free Trade Agreement are set to occur in Seoul from January 23 to January 25. The South Korean delegation, led by An Chang-yong, Director-General for FTA Policy, and the UK delegation, led by Adam Fenn, Deputy Director of the Department for International Trade, will consist of over 50 representatives from both countries.

 

The South Korea-UK Free Trade Agreement, initiated as the UK exited the EU, eased business uncertainties and fostered economic cooperation. However, there's a recognized need to update the agreement to align with contemporary global trade norms, including digital trade and supply chains, as the current focus is primarily on goods and services market access.


양식의 맨 위

Last November, during President Yoon Suk-yeol's visit to the UK, both countries declared the start of negotiations to improve the Free Trade Agreement. After detailed discussions, formal negotiations have now commenced with the first round.

 

In preparation for the current improvement negotiations, both countries aim to build a comprehensive and future-oriented strategic trade relationship by discussing the introduction of new trade norms in diverse areas such as digital trade, supply chains, clean energy, and the bioeconomy.

 


👉 Contact GCA


Tel. +82-31-360-8180
Email: forest.lee@gca-kr.com

Comments

Post a Comment

Popular posts from this blog

KC Certification-EMC | RF | SAR

-
Image
KC Certification-EMC | RF | SAR Korea Certification EMC testing typically covers the majority of electronic products marketed in Korea, and depending on the product's wireless functions, either RF or SAR testing may be required. This is a mandatory certification system operated by RRA and is divided into three parts: Certification of Conformity, Registration of Conformity, and Interim of Conformity. All products manufactured, imported, and sold in Korea shall be approved according to related procedures.   ▮  Certification of Conformity   Equipment that can harm Korea's radio environment or broadcasting communication network, as well as those whose normal operation can cause significant electromagnetic disturbances and/or be affected by radio waves, are subject to the certification of conformity. Products with wireless functions fall under this category. This includes 5G NR, LTE, MPR and more.  ▮  Registration of Conformity   Broadcasting and communication equipment (e.g.
Read more

Korea KC Certification

-
Image
  Certifications Required in Korea Required product certifications differ by country depending on the purpose and environment of use. It is important to recognize that Korea demands a wide range of product certification procedures, thus necessitating making preparations accordingly. Basic certifications are listed below (refer to the corresponding section for details) 1. Consumer products - KC certification: Electrical safety, EMC, energy efficiency, household goods, and children's products 2. Industrial equipment - KCs certification: Electrical and mechanical safety - KC certification: EMC 3. Medical devices: MFDS 4. Automotive components: KC certification 5. Chemicals - Act on Registration and Evaluation of Chemical Substances - Chemical Substances Control Act - Eco-Assurance System of Electrical and Electronic Equipment and Vehicles (EcoAS) - Consumer Chemical Products and Biocides Safety Control Act 6. Assessment of the materials and structure of packaging materials 👉 Contact
Read more

GCA Korea Certification

-
Image
What preparations must a company make to obtain product certifications and enter the Korean market? Without proper information and knowledge of certification procedures, numerous issues may arise during Korean customs clearance. GCA KOREA is run by type approval expert with over 25 years of experience and expertise in the fields of testing and certification. We effectively provide high-quality, one-stop services from import and customs to testing, certification and follow-up management of your products for the entire lifecycle of your products.  As a company specializing in KC certification and headquartered in the Republic of Korea, GCA KOREA constantly works with various departments of the Korean government in establishing industrial regulations, facilitating our capacity to promptly respond to the needs of our overseas customers trying to enter the Korean market. 👉 Contact GCA Tel. +82-31-360-8180 Email: forest.lee@gca-kr.com GCA Global Website
Read more