somes

Implementation of the EU-Korea Free Trade Agreement

Summary

A report evaluating the five-year impact of the free trade agreement between the EU and South Korea, noting significant trade growth but highlighting concerns regarding labor rights and technical barriers.
10 18.05.2017
Other
trade
economy
labour law
human rights
international relations

Key points

In force from 13/12/2015
  • The trade relationship between the EU and South Korea has seen significant growth since the agreement was implemented.
  • The EU has successfully transitioned from a trade deficit to a significant trade surplus with South Korea.
  • Specific sectors have seen massive growth, such as a 246% increase in EU passenger vehicle exports.
  • There are serious concerns regarding South Korea's compliance with international labor standards and freedom of association.
Documents (PDFs)
REPORT on the implementation of the Free Trade Agreement between the European Union and the Republic of Korea Implementation of the EU-Korea Free Trade Agreement
These raw data are provided by the Open Data Portal of the European Union (data.europa.eu) and are licensed under ODC-BY 1.0.