Free Trade Agreement South Korea Switzerland

On the other hand, in the case of a customs union, there are only common external customs duties. Once the goods have passed through this limit and reached the market, they can move freely between different countries, without imposing any further tariffs. Examples of customs unions: European Union or Switzerland-Liechtenstein. The Agreement establishes a high level of protection of intellectual property rights (Article 7(1)-(3) and Annex XIII), which covers areas such as patents, trademarks and copyright, and in some areas goes beyond what is provided for in the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) and other international agreements and treaties. List of agreements between two states, two blocs or one bloc and one state. Free trade agreements are international agreements concluded between two parties (countries or transnational groups) in order to guarantee free trade. Describes the bilateral and multilateral trade agreements in which this country participates, including with the United States. Contains websites and other resources for U.S. companies to get more information on how to use these agreements.

Content of the agreements The essential element of each agreement is trade in goods (including the reduction of tariffs and other trade restrictions). These rules govern trade in industrial products (HS Chapter 25-97), fish and processed agricultural products. Trade in unprocessed agricultural products tends to be governed by separate bilateral agricultural agreements. Types of cumulation: bilateral cumulation: only with matters of both (bilateral) partners (e.g.B. Switzerland-Japan or EFTA-Colombia). Diagonal cumulation: possible with materials from several free trade partners, provided that all apply the same rules of country of origin (e.g. EU.B.EFTA-Turkey). . . .