A public electronic database of applications and registrations is available to verify trademarks. The database also contains information on rights to registered and unregistered designs. Detailed provisions for motor vehicles and parts within the scope of the agreement are set out in Schedule 2C of motor vehicles and parts and its annexes. The agreement includes investments in both services and other economic activities, including the trade agreement that imposes transparency on subsidies. If the EU or South Korea use subsidies, they must indicate each year the total amount, nature and supply of the subsidies. Italian carmakers and some French carmakers believe the deal would be of grave harm to them, as it would allow South Korean carmakers to compete with them in the EU. Adolfo Urso, a young Italian foreign trade minister, said the Italian government could veto the agreement on the basis of the concerns of European car manufacturers, which it originally did in September 2010. Trade analysts such as ECIPE`s Hosuk Lee-Makiyama have dismissed car industry lobbying as a “myth”: while EU exports to Korea are estimated at 400%, most Asian brands produce their cars in the EU and Korean cars account for an insignificant share of imports to the EU, which even threaten even the most inefficient car manufacturers in Europe. [11] Italy abandoned its objections in exchange for the postponement of the provisional application of the agreement from 1 January 2011 to 1 July 2011. [12] The agreement has set up a number of specialized commissions and working groups between the two parties to monitor implementation. To benefit from reduced or 0% tariffs, products must be of “European origin.” All it takes is one explanation. No formal certificate is required.

Just add the following information on your business invoice (or any other trade document) as well as a detailed description of your products, as you would normally: EU manufacturers no longer need to manufacture cars specifically for the South Korean market or perform expensive tests to demonstrate compliance with safety standards. Importers may apply for preferential tariff treatment on the basis of a declaration of origin filed by the exporter. 1 July 2019 will mark the eighth anniversary of the EU-South Korea free trade agreement. The agreement phases out tariffs on industrial and agricultural products. The agreement was the most comprehensive that the EU had negotiated at the time: import tariffs on all products were almost abolished and trade in services was profoundly liberal. It contains provisions relating to 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, pharmacy and electronics. [4] The trade agreement contains clear rules for trademark registration in the EU and South Korea. This gives you the opportunity to object to the registration of a trademark.

The agreement effectively addresses unfair and anti-competitive trade practices, including from the EU and South Korea, which have agreed on high labour and environmental standards to protect workers and the environment. The agreement will establish mechanisms to ensure compliance with these commitments, including through the participation of civil society. The agreement ensures that competition rules also apply to state-controlled enterprises or enterprises and prohibits certain types of subsidies considered particularly dangerous to competition What if intellectual property is used without authorization? We understand that the EU-South Korea free trade agreement will come into force on 1 July 2011.