Free Trade Agreement EU-South Korea Introduction

24/06/2011 17:24:10

We wish to inform our clientele that, effective July 1st, 2011, the new Free Trade Agreement (FTA) between the European Union and South Korea will come into effect. This agreement will allow European and South Korean importers and exporters to benefit from zero duty regulation on most of commodities shipped.


The duty exemption will be awarded in case the preferential origin of the goods is declared and demonstrated, according to the EU regulation 1063/2010.


Here below the link to access the regulation.


http://www.alisped.it/img/GSP-Commission-Reg-1063-2010.pdf


In order to know the specific procedures basing on which this can be enforced, do not hesitate to contact us.