The 12th Korea-European Union Free Trade Agreement Goods Trade Committee was held
The 12th Korea-European Union Free Trade Agreement Goods Trade Committee was held
On June 12, the
Ministry of Trade, Industry and Energy, and the Ministry of Food and Drug
Safety of South Korea held a meeting with the European Union in Brussels to
discuss the Free Trade Agreement. The Goods Trade Committee discussed tariff
and non-tariff issues, reviewed the Korea-EU Free Trade Agreement's
implementation, and explored solutions for market entry challenges faced by
businesses from both regions.
At the meeting, South Korea highlighted the
difficulties faced by Korean companies due to the EU's stringent environmental
regulations, including the Battery Directive, Carbon Border Adjustment
Mechanism, and Forest Conversion Prevention Law. This refers to regulations and
laws designed to prevent the . The South Korean side emphasized the need for
clearer regulations, recognition of diverse carbon reduction efforts, and
improvements to reporting systems. They also discussed the EU's extension of
steel safeguards, aiming to ease market access challenges.
In response to the EU's questions on
cosmetic safety assessments, South Korea discussed enhancing industry
communication and outlined future plans. They provided detailed information on
alcohol labeling and online sales systems. Additionally, South Korea plans to
develop a cosmetic safety assessment system to boost global competitiveness.
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