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The European Union and South KoreaThe Legal Framework for Strengthening Trade, Economic and Political Relations$
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James Harrison

Print publication date: 2013

Print ISBN-13: 9780748668601

Published to Edinburgh Scholarship Online: September 2013

DOI: 10.3366/edinburgh/9780748668601.001.0001

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Trade in Goods under the EU–Korea FTA: Market Access and Regulatory Measures

Trade in Goods under the EU–Korea FTA: Market Access and Regulatory Measures

Chapter:
(p.66) 5 Trade in Goods under the EU–Korea FTA: Market Access and Regulatory Measures
Source:
The European Union and South Korea
Author(s):

Boris Rigod

Publisher:
Edinburgh University Press
DOI:10.3366/edinburgh/9780748668601.003.0005

The regulation of trade in goods is at the heart of the EU-Korea FTA. This chapter analyses the provisions of the Agreement relating to market access, including rules on customs duties, classification, valuation, rules of origin, quantitative restrictions, and trade facilitation. The chapter also looks at the innovative ways in which the FTA addresses non-tariff barriers through its provisions on market regulation. The author highlights the sectoral approach of the FTA to market regulation, with its specific provisions on consumer electronics, motor vehicles and parts, chemicals, and pharmaceutical products. It is explained how the degree of integration differs in each of these sectors. Moreover, the author also notes that the FTA is a living instrument, as lacunae in the field of domestic regulation must be dealt with in the future through cooperation and consultations within the different committees and working groups.

Keywords:   EU-Korea FTA, Trade in goods, Market access, Rules of origin, Customs duties, Quantitative restrictions, Market regulation, Non-tariff barriers, Technical barriers to trade

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