Savings and opportunities for Italian and European companies
There are many duty-free products for trade between Europe and South Korea (the eighth largest destination for EU goods). In particular, the following can be exported from Europe: automobiles, electronics, pharmaceutical industry products, chemical products. The recent free trade agreement also encourages the export of fishery andagricultural products.
The advantages are related to savings, a lighter management of customs procedures which have become simpler and faster. Recognition of product certificates and access to public procurement is improved. On the legal side, there is greater strength in the protection of trademarks and the recognition of intellectual property.
- Check your export with My Trade Assitant:
- Here you will find all the EU' s trade agreementswith South Korea
- Site of theCustoms Office Korean
FIND OUT MORE ABOUT SOUTH KOREA
The 2020 statistics confirm Italy as Korea's number one leather goods supplier, with Korean imports worth $1 billion 300 million. (InfoMarketsForeign)
OUTLOOK COUNTRY
Download here the fact sheet of InfoMarketsExternal
