Tue. Jul 16th, 2024

Brussels, 1 December 2022

At the 10th meeting of the Trade Committee under the EU- Korea trade agreement that took place yesterday in Brussels, Executive Vice-President Dombrovskis and Korea’s Minister for Trade Ahn Dukgeun signed the decision to protect an additional 44 EU geographical indications in Korea and 41 Korean geographical indications in the EU.

The new protected geographical indications lists include among others from the EU side “Lübecker Marzipan” (confectionary) from Germany, “Prosecco” (wine) from Italy, “Estepa” (olive oil) from Spain, “Gouda Holland” (cheese) from the Netherlands and “Irish Cream” (spirit) from Ireland. From Korea, products include “Jindo Geomjeong Ssal” (Jindo Black rice), “Muju Sagwa” (Muju Apple), “Chungju Bam” (Chestnut), “Yeosu Gul” (Yeosu Oyster) and Muju Meoru Wine. All these products will be protected in the EU and Korea respectively against imitations and usurpation.

At the meeting, Executive Vice-President Dombrovskis and Minister Ahn signed a set of Digital Trade Principles, reflecting the international standards that both partners consider should apply in the digital economy. A key deliverable of the Digital Partnership signed between the EU and Korea earlier this week, the principles demonstrate the EU and Korea’s shared vision of an open digital economy. As such, the principles are an excellent basis for further engagement on digital trade rules.

The EU-Republic of Korea trade agreement has been provisionally applied as of July 2011 and it formally entered into force in December 2015, following its ratification by EU countries.

More information is available in the news items here and here.

Source – EU Commission

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