EU - Korea, Republic of FTA (2010)
Previous page Next page

(d) natural person means a national of Korea or one of the Member States of the European Union according to its respective legislation;

(e) juridical person means any legal entity duly constituted or otherwise organised under applicable law, whether for profit or otherwise, and whether privately-owned or governmentally-owned, including any corporation, trust, partnership, joint venture, sole proprietorship or association;

(f) juridical person of a Party means:

(i) a juridical person set up in accordance with the laws of one of the Member States of the European Union or of Korea respectively, and having its registered office, central administration (1) or principal place of business in the territory to which the Treaty on European Union and the Treaty on the Functioning of the European Union apply, or of Korea respectively. Should the juridical person have only its registered office or central administration in the territory to which the Treaty on European Union and the Treaty on the Functioning of the European Union apply or of Korea, it shall not be considered as a juridical person of the European Union or of Korea respectively, unless it engages in substantive business operations (2) in the territory to which the Treaty on European Union and the Treaty on the Functioning of the European Union apply or of Korea respectively; or

(Ii) in the case of establishment in accordance with Article 7.9(a), a juridical person owned or controlled by natural persons of the EU Party or of Korea respectively, or by a juridical person of the European Union or of Korea identified under subparagraph (i) respectively.

(1) Central administration means the head office where ultimate decision-making takes place.
(2) In line with its notification of the Treaty establishing the European Community to the WTO (WT/REG39/1), the EU Party understands the concept of "effective and continuous link" with the economy of a Member State of the European Union enshrined in Article 48 of the Treaty as equivalent to the concept of "substantive business operations" provided for in paragraph 6 of Article V of the GATS. Accordingly, for a juridical person set up in accordance with the laws of Korea and having only its registered office or central administration in the territory of Korea, the EU Party shall only extend the benefits of this Agreement if that juridical person possesses an effective and continuous link with the economy of Korea.

A juridical person is:

(i) owned by persons of the EU Party or of Korea if more than 50 percent of the equity interest in it is beneficially owned by persons of the EU Party or of Korea respectively;

(ii) controlled by persons of the EU Party or of Korea if such persons have the power to name a majority of its directors or otherwise to legally direct its actions;

ii) affiliated with another person when it controls, or is controlled by, that other person; or when it and the other person are both controlled by the same person;

(g) Notwithstanding subparagraph (f), shipping companies established outside the EU Party or Korea and controlled by nationals of a Member State of the European Union or of Korea respectively, shall also be covered by this Agreement, if their vessels are registered in accordance with the respective legislation of that Member State of the European Union or of Korea and carry the flag of a Member State of the European Union or of Korea (1);

(1) This subparagraph shall not apply to establishment.

(h) economic integration agreement means an agreement substantially liberalising trade in services and establishment pursuant to the WTO Agreement in particular Articles V and V bis of GATS;

(i) aircraft repair and maintenance services means such activities when undertaken on an aircraft or a part thereof while it is withdrawn from service and do not include so-called line maintenance;

(j) computer reservation system (hereinafter referred to as "CRS") services means services provided by computerised systems that contain information about air carriers’ schedules, availability, fares and fare rules, through which reservations can be made or tickets may be issued;

(k) selling and marketing of air transport services means opportunities for the air carrier concerned to sell and market freely its air transport services including all aspects of marketing such as market research, advertising and distribution. These activities do not include the pricing of air transport services, nor the applicable conditions; and

(l) service supplier means any person that supplies or seeks to supply a service, including as an investor.

Article 7.3. Committee on Trade In Services, Establishment and Electronic Commerce

1. The Committee on Trade in Services, Establishment and Elec- tronic Commerce established pursuant to Article 15.2.1 (Specialised Committees) shall comprise representatives of the Parties. The principal representative of the Parties for the Committee shall be an official of its authority responsible for the implementation of this Chapter.

2. The Committee shall: (a) supervise and assess the implementation of this Chapter;

(b) consider issues regarding this Chapter that are referred to it by a Party; and

(c) provide opportunities for relevant authorities to exchange information on prudential measures with respect to Article 7.46.

Section B. Cross-border Supply of Services

Article 7.4. Scope and Definitions

1. This Section applies to measures of the Parties affecting the cross-border supply of all service sectors with the exception of:

(a) audio-visual services (1);

(b) national maritime cabotage; and

(c) domestic and international air transport services, whether scheduled or non-scheduled, and services directly related to the exercise of traffic rights, other than:

(i) aircraft repair and maintenance services;

(ii) the selling and marketing of air transport services;

(ii) CRS services; and

(iv) other services auxiliary to air transport services, such as ground handling services, rental service of aircraft with crew and airport management services.

2. Measures affecting the cross-border supply of services include measures affecting:

(a) the production, distribution, marketing, sale and delivery of a service;

(b) the purchase, payment or use of a service;

(c) the access to and use of, in connection with the supply of a service, networks or services which are required by the Parties to be offered to the public generally; and

(d) the presence in a Party's territory of a service supplier of the other Party.

3. For the purposes of this Section:

(a) cross-border supply of services is defined as the supply of a service:

(i) from the territory of a Party into the territory of the other Party; and

(ii) in the territory of a Party to the service consumer of the other Party;

(b) services includes any service in any sector except services supplied in the exercise of governmental authority, and

(c) a service supplied in the exercise of governmental authority means any service which is supplied neither on a commercial basis, nor in competition with one or more service suppliers.

(1) The exclusion of audiovisual services from the scope of this Section is without prejudice to the rights and obligations derived from the Protocol on Cultural Cooperation.

Article 7.5. Market Access

1. With respect to market access through the cross-border supply of services, each Party shall accord to services and service suppliers of the other Party treatment no less favourable than that provided for under the terms, limitations and conditions agreed and specified in the specific commitments contained in Annex 7-A.

2. In sectors where market access commitments are undertaken, the measures which a Party shall not adopt or maintain either on the basis of a regional subdivision or on the basis of its entire territory, unless otherwise specified in Annex 7-A, are defined as:

(a) limitations on the number of service suppliers whether in the form of numerical quotas, monopolies, exclusive service suppliers or the requirement of an economic needs test (1);

(1) This subparagraph includes measures which require a service supplier of the other Party to have an establishment within the meaning of Article 7.9(a) or to be resident in a Party's territory as a condition for the cross-border supply of services.

(b) limitations on the total value of service transactions or assets in the form of numerical quotas or the requirement of an economic needs test; and

(c) limitations on the total number of service operations or on the total quantity of service output expressed in the terms of designated numerical units in the form of quotas or the requirement of an economic needs test (1).

(1) This subparagraph does not cover measures of a Party which limit inputs for the cross-border supply of services.

Article 7.6. National Treatment

1. In the sectors where market access commitments are inscribed in Annex 7-A and subject to any conditions and qualifications set out therein, each Party shall accord to services and service suppliers of the other Party, in respect of all measures affecting the cross-border supply of services, treatment no less favourable than that it accords to its own like services and service suppliers.

2. A Party may meet the requirement of paragraph 1 by according to services and service suppliers of the other Party, either formally identical treatment or formally different treatment to that it accords to its own like services and service suppliers.

3. Formally identical or formally different treatment shall be considered to be less favourable if it modifies the conditions of competition in favour of services or service suppliers of a Party compared to like services or service suppliers of the other Party.

4. Specific commitments assumed under this Article shall not be construed to require any Party to compensate for any inherent competitive disadvantages which result from the foreign character of the relevant services or service suppliers.

Article 7.7. Lists of Commitments

1. The sectors liberalised by each Party pursuant to this Section and, by means of reservations, the market access and national treatment limitations applicable to services and service suppliers of the other Party in those sectors are set out in the lists of commitments included in Annex 7-A.

2. Neither Party may adopt new, or more, discriminatory measures with regard to services or service suppliers of the other Party in comparison with treatment accorded pursuant to the specific commitments undertaken in conformity with paragraph 1.

Article 7.8. MFN Treatment  (1)

1. With respect to any measures covered by this Section affecting the cross-border supply of services, unless otherwise provided for in this Article, each Party shall accord to services and service suppliers of the other Party treatment no less favourable than that it accords to like services and service suppliers of any third country in the context of an economic integration agreement signed after the entry into force of this Agreement.

2. Treatment arising from a regional economic integration agreement granted by either Party to services and service suppliers of a third party shall be excluded from the obligation in paragraph 1, only if this treatment is granted under sectoral or horizontal commitments for which the regional economic integration agreement stipulates a significantly higher level of obligations than those undertaken in the context of this Section as set out in Annex 7-B.

3. Notwithstanding paragraph 2, the obligations arising from paragraph 1 shall not apply to treatment granted:

(a) under measures providing for recognition of qualifications, licences or prudential measures in accordance with Article VI of GATS or its Annex on Financial Services;

(b) under any international agreement or arrangement relating wholly or mainly to taxation; or

(c) under measures covered by the MFN exemptions listed in Annex 7-C.

4. This Chapter shall not be so construed as to prevent any Party from conferring or according advantages to adjacent countries in order to facilitate exchanges limited to contiguous frontier zone of services that are both locally produced and consumed.

(1) Nothing in this Article shall be interpreted as extending the scope of this Section.

Section C. Establishment

Article 7.9. Definitions

For the purposes of this Section:

(a) establishment means:

(i) the constitution, acquisition or maintenance of a juridical person (2); or

(2) The terms "constitution" and "acquisition" of a juridical person shall be understood as including capital participation in a juridical person with a view to establishing or maintaining lasting economic links.

(ii) the creation or maintenance of a branch or representative office

within the territory of a Party for the purpose of performing an economic activity;

(b) investor means any person that seeks to perform or performs an economic activity through setting up an establishment (1);

(1) Where the economic activity is not performed directly by a juridical person but through other forms of establishment such as a branch or a representative office, the investor including the juridical person shall, nonetheless, through such establishment be accorded the treatment provided for investors under this Agreement. Such treatment shall be extended to the establishment through which the economic activity is performed and need not be extended to any other parts of the investor located outside the territory where the economic activity is performed.

(c) economic activity includes any activities of an economic nature except activities carried out in the exercise of governmental authority, ie. activities carried out neither on a commercial basis nor in competition with one or more economic operators;

(d) subsidiary of a juridical person of a Party means a juridical person which is effectively controlled by another juridical person of that Party; and

(e) branch of a juridical person means a place of business not having legal personality which has the appearance of permanency, such as the extension of a parent body, has a management and is materially equipped to negotiate business with third parties so that the latter, although knowing that there will, if necessary, be a legal link with the parent body, the head office of which is abroad, do not have to deal directly with such parent body but may transact business at the place of business constituting the extension.

Article 7.10. Scope

With a view to improving the investment environment, and in particular the conditions of establishment between the Parties, this Section applies to measures by the Parties affecting establishment (2) in all economic activities with the exception of:

(2) Investment protection, other than the treatment deriving from Article 7.12, including investor-state dispute settlement procedures, is not covered by this Chapter.

(a) mining, manufacturing and processing (3) of nuclear materials;

(3) For greater certainty, processing of nuclear materials covers all the activities included in the International Standard Industrial Classification of all Economic Activities as set out in Statistical Office of the United Nations, Statistical Papers, Series M, N 4, ISIC REV 3.1, 2002 code 2330.

(b) production of, or trade in, arms, munitions and war material (1);

(1) War material is limited to any product which is solely intended and made for military use in connection with the conduct of war or defence activities.

(c) audio-visual services (2);

(2) The exclusion of audiovisual services from the scope of this Section is without prejudice to the rights and obligations derived from the Protocol on Cultural Cooperation.

(d) national maritime cabotage; and

(e) domestic and international air transport services, whether scheduled or non-scheduled, and services directly related to the exercise of traffic rights, other than:

(i) aircraft repair and maintenance services;

(ii) the selling and marketing of air transport services;

(ii) CRS services; and

(iv) other services auxiliary to air transport services, such as ground handling services, rental service of aircraft with crew and airport management services.

Article 7.11. Market Access

1. With respect to market access through establishment, each Party shall accord to establishments and investors of the other Party treatment no less favourable than that provided for under the terms, limitations and conditions agreed and specified in the specific commitments contained in Annex 7-A.

2. In sectors where market access commitments are undertaken, the measures which a Party shall not adopt or maintain either on the basis of a regional subdivision or on the basis of its entire territory, unless otherwise specified in Annex 7-A, are defined as:

(a) limitations on the number of establishments whether in the form of numerical quotas, monopolies, exclusive rights or other estab- lishment requirements such as economic needs test;

(b) limitations on the total value of transactions or assets in the form of numerical quotas or the requirement of an economic needs test;

(c) limitations on the total number of operations or on the total quantity of output expressed in terms of designated numerical units in the form of quotas or the requirement of an economic needs test (3);

(3) Subparagraphs (a) through (c) do not cover measures taken in order to limit the production of an agricultural product.

(d) limitations on the participation of foreign capital in terms of maximum percentage limit on foreign shareholdings or the total value of individual or aggregate foreign investment;

(e) measures which restrict or require specific types of legal entity or joint ventures through which an investor of the other Party may perform an economic activity, and

(f) limitations on the total number of natural persons, other than key personnel and graduate trainees as defined in Article 7.17, that may be employed in a particular sector or that an investor may employ and who are necessary for, and directly related to, the performance of the economic activity in the form of numerical quotas or the requirement of an economic needs test.

Article 7.12. National Treatment  (1)

1. In the sectors inscribed in Annex 7-A, and subject to any conditions and qualifications set out therein, with respect to all measures affecting establishment, each Party shall accord to estab- lishments and investors of the other Party treatment no less favourable than that it accords to its own like establishments and investors.

2. <A Party may meet the requirement of paragraph 1 by according to establishments and investors of the other Party, either formally identical treatment or formally different treatment to that it accords to its own like establishments and investors.

3. Formally identical or formally different treatment shall be considered to be less favourable if it modifies the conditions of competition in favour of establishments or investors of the Party compared to like establishments or investors of the other Party.

4. Specific commitments assumed under this Article shall not be construed to require any Party to compensate for any inherent competitive disadvantages which result from the foreign character of the relevant establishments or investors.

(1) This Article applies to measures goveming the composition of boards of directors of an establishment, such as nationality and residency requirements.

Article 7.13. Lists of Commitments

1. The sectors liberalised by each Party pursuant to this Section and, by means of reservations, the market access and national treatment limitations applicable to establishments and investors of the other Party in those sectors are set out in the lists of commitments included in Annex 7-A.

2. Neither Party may adopt new, or more, discriminatory measures with regard to establishments and investors of the other Party in comparison with treatment accorded pursuant to the specific commitments undertaken in conformity with paragraph 1.

Article 7.14. MFN Treatment  (1)

1. With respect to any measures covered by this Section affecting establishment, unless otherwise provided for in this Article, each Party shall accord to establishments and investors of the other Party treatment no less favourable than that it accords to like establishments and investors of any third country in the context of an economic integration agreement signed after the entry into force of this Agreement (2).

2. Treatment arising from a regional economic integration agreement granted by either Party to establishments and investors of a third party shall be excluded from the obligation in paragraph 1, only if this treatment is granted under sectoral or horizontal commitments for which the regional economic integration agreement stipulates a significantly higher level of obligations than those undertaken in the context of this Section as set out in Annex 7-B.

3. Notwithstanding paragraph 2, the obligations arising from paragraph 1 shall not apply to treatment granted:

(a) under measures providing for recognition of qualifications, licences or prudential measures in accordance with Article VI of GATS or its Annex on Financial Services;

(b) under any international agreement or arrangement relating wholly or mainly to taxation; or

(c) under measures covered by an MFN exemption listed in Annex 7-C.

4. This Chapter shall not be so construed as to prevent any Party from conferring or according advantages to adjacent countries in order to facilitate exchanges limited to contiguous frontier zone of services that are both locally produced and consumed.

(1) Nothing in this Article shall be interpreted as extending the scope of this Section.
(2) The obligation contained in this paragraph does not extend to the investment protection provisions not covered by this Chapter, including provisions relating to investor-state dispute settlement procedures.

Article 7.15. Other Agreements

Nothing in this Chapter shall be deemed to:

(a) limit the rights of investors of the Parties to benefit from any more favourable treatment provided for in any existing or future international agreement relating to investment to which one of the Member States of the European Union and Korea are party; and

(b) derogate from the international legal obligations of the Parties under those agreements that provide investors of the Parties with more favourable treatment than that provided for under this Agreement.

Article 7.16. Review of the Investment Legal Framework

1. With a view to progressively liberalising investments, the Parties shall review the investment legal framework (1), the investment environment and the flow of investment between them consistently with their commitments in international agreements no later than three years after the entry into force of this Agreement and at regular intervals thereafter.

2. In the context of the review referred to in paragraph 1, the Parties shall assess any obstacles to investment that have been encountered and shall undertake negotiations to address such obstacles, with a view to deepening the provisions of this Chapter, including with respect to general principles of investment protection.

(1) This includes this Chapter and Annexes 7-A and 7-C.

Section D. Temporary Presence of Natural Persons for Business

Article 7.17. Scope and Definitions

1. This section applies to measures of the Parties concerning the entry into, and temporary stay in, their territories of key personnel, graduate trainees, business services sellers, contractual service suppliers and independent professionals subject to Article 7.1.5.

2. For the purposes of this Section:

(a) key personnel means natural persons employed within a juridical person of a Party other than a non-profit organisation and who are responsible for the setting up or the proper control, administration and operation of an establishment. Key personnel comprise business visitors responsible for setting up an establishment and intra-corporate transferees;

(i) business visitors means natural persons working in a senior position who are responsible for setting up an establishment. They do not engage in direct transactions with the general public and do not receive remuneration from a source located within the host Party; and

(ii) intra-corporate transferees means natural persons who have been employed by a juridical person of a Party or have been partners in it (other than as majority shareholders) for at least one year and who are temporarily transferred to an establishment (including subsidiaries, affiliates or branches) in the territory of the other Party. The natural person concemed shall belong to one of the following categories.

Managers

Natural persons working in a senior position within a juridical person, who primarily direct the management of the establishment, receiving general supervision or direction principally from the board of directors or shareholders of the business or their equivalents, including:

(A) directing the establishment or a department or sub-division thereof;

(B) supervising and controlling the work of other supervisory, professional or managerial employees; and

(C) having the authority personally to recruit and dismiss or recommend recruiting, dismissing or other personnel actions.

Specialists

Natural persons working within a juridical person who possess uncommon knowledge essential to the establishment's production, research equipment, techniques or management. In assessing such knowledge, account will be taken not only of knowledge specific to the establishment, but also of whether the person has a high level of qualification referring to a type of work or trade requiring specific technical knowledge, including membership of an accredited profession.

(b) graduate trainees means natural persons who have been employed by a juridical person of a Party for at least one year, who possess a university degree and who are temporarily transferred to an estab- lishment in the territory of the other Party for career development purposes or to obtain training in business techniques or methods (1);

  • Chapter   ONE OBJECTIVES AND GENERAL DEFINITIONS 1
  • Article   1.1 Objectives 1
  • Article   1.2 General Definitions 1
  • Chapter   TWO NATIONAL TREATMENT AND MARKET ACCESS FOR GOODS 1
  • Section   A Common Provisions 1
  • Article   2.1 Objective 1
  • Article   2.2 Scope and Coverage 1
  • Article   2.3 Customs Duty 1
  • Article   2.4 Classification of Goods 1
  • Section   B Elimination of Customs Duties 1
  • Article   2.5 Elimination of Customs Duties 1
  • Article   2.6 Standstill 1
  • Article   2.7 Administration and Implementation of Tariff-rate Quotas 1
  • Section   C Non-tariff Measures 1
  • Article   2.8 National Treatment 1
  • Article   2.9 Import and Export Restrictions 1
  • Article   2.10 Fees and other Charges on Imports 1
  • Article   2.11 Duties, Taxes or other Fees and Charges on Exports 1
  • Article   2.12 Customs Valuation 1
  • Article   2.13 State Trading Enterprises 1
  • Article   2.14 Elimination of Sectoral Non-tariff Measures 1
  • Section   D Specific Exceptions Related to Goods 1
  • Article   2.15 General Exceptions 1
  • Section   E Institutional Provisions 1
  • Article   2.16 Committee on Trade In Goods 1
  • Article   2.17 Special Provisions on Administrative Cooperation 1
  • Chapter   THREE TRADE REMEDIES 1
  • Section   A Bilateral Safeguard Measures 1
  • Article   3.1 Application of a Bilateral Safeguard Measure 1
  • Article   3.2 Conditions and Limitations 1
  • Article   3.3 Provisional Measures 2
  • Article   3.4 Compensation 2
  • Article   3.5 Definitions 2
  • Section   B Agricultural Safeguard Measures 2
  • Article   3.6 Agricultural Safeguard Measures 2
  • Section   C Global Safeguard Measures 2
  • Article   3.7 Global Safeguard Measures 2
  • Section   D Anti-dumping and Countervailing Duties 2
  • Article   3.8 General Provisions 2
  • Article   3.9 Notification 2
  • Article   3.10 Consideration of Public Interests 2
  • Article   3.11 Investigation after Termination Resulting from a Review 2
  • Article   3.12 Cumulative Assessment 2
  • Article   3.13 De-minimis Standard Applicable to Review 2
  • Article   3.14 Lesser Duty Rule 2
  • Article   3.15 Dispute Settlement 2
  • Section   E Institutional Provisions 2
  • Article   3.16 Working Group on Trade Remedy Cooperation 2
  • Chapter   FOUR TECHNICAL BARRIERS TO TRADE 2
  • Article   4.1 Affirmation of the TBT Agreement 2
  • Article   4.2 Scope and Definitions 2
  • Article   4.3 Joint Cooperation 2
  • Article   4.4 Technical Regulations 2
  • Article   4.5 Standards 2
  • Article   4.6 Conformity Assessment and Accreditation 2
  • Article   4.7 Market Surveillance 2
  • Article   4.8 Conformity Assessment Fees 2
  • Article   4.9 Marking and Labelling 2
  • Article   4.10 Coordination Mechanism 2
  • Chapter   FIVE SANITARY AND PHYTOSANITARY MEASURES 2
  • Article   5.1 Objective 3
  • Article   5.2 Scope 3
  • Article   5.3 Definition 3
  • Article   5.4 Rights and Obligations 3
  • Article   5.5 Transparency and Exchange of Information 3
  • Article   5.6 International Standards  3
  • Article   5.7 Import Requirements 3
  • Article   5.8 Measures Linked to Animal and Plant Health 3
  • Article   5.9 Cooperation on Animal Welfare 3
  • Article   5.10 Committee on Sanitary and Phytosanitary Measures 3
  • Article   5.11 Dispute Settlement 3
  • Chapter   SIX CUSTOMS AND TRADE FACILITATION 3
  • Article   6.1 Objectives and Principles 3
  • Article   6.2 Release of Goods 3
  • Article   6.3 Simplified Customs Procedure 3
  • Article   6.4 Risk Management 3
  • Article   6.5 Transparency 3
  • Article   6.6 Advance Rulings 3
  • Article   6.7 Appeal Procedures 3
  • Article   6.8 Confidentiality 3
  • Article   6.9 Fees and Charges 3
  • Article   6.10 Pre-shipment Inspections 3
  • Article   6.11 Post-clearance Audit 3
  • Article   6.12 Customs Valuation 3
  • Article   6.13 Customs Cooperation 3
  • Article   6.14 Mutual Administrative Assistance In Customs Matters 3
  • Article   6.15 Customs Contact Points 3
  • Article   6.16 Customs Committee 3
  • Chapter   SEVEN TRADE IN SERVICES, ESTABLISHMENT AND ELECTRONIC COMMERCE 3
  • Section   A General Provisions 3
  • Article   7.1 Objective, Scope and Coverage 3
  • Article   7.2 Definitions 3
  • Article   7.3 Committee on Trade In Services, Establishment and Electronic Commerce 4
  • Section   B Cross-border Supply of Services 4
  • Article   7.4 Scope and Definitions 4
  • Article   7.5 Market Access 4
  • Article   7.6 National Treatment 4
  • Article   7.7 Lists of Commitments 4
  • Article   7.8 MFN Treatment  (1) 4
  • Section   C Establishment 4
  • Article   7.9 Definitions 4
  • Article   7.10 Scope 4
  • Article   7.11 Market Access 4
  • Article   7.12 National Treatment  (1) 4
  • Article   7.13 Lists of Commitments 4
  • Article   7.14 MFN Treatment  (1) 4
  • Article   7.15 Other Agreements 4
  • Article   7.16 Review of the Investment Legal Framework 4
  • Section   D Temporary Presence of Natural Persons for Business 4
  • Article   7.17 Scope and Definitions 4
  • Article   7.18 Key Personnel and Graduate Trainees 5
  • Article   7.19 Business Service Sellers 5
  • Article   7.20 Contractual Service Supplier and Independent Professionals 5
  • Section   E Regulatory Framework 5
  • Subsection   A Provisions of General Application 5
  • Article   7.21 Mutual Recognition 5
  • Article   7.22 Transparency and Confidential Information 5
  • Article   7.23 Domestic Regulation 5
  • Article   7.24 Governance 5
  • Subsection   B Computer Services 5
  • Article   7.25 Computer Services 5
  • Subsection   C Postal and Courier Services 5
  • Article   7.26 Regulatory Principles 5
  • Subsection   D Telecommunications Services 5
  • Article   7.27 Scope and Definitions 5
  • Article   7.28 Regulatory Authority 5
  • Article   7.29 Authorisation to Provide Telecommunications Services 5
  • Article   7.30 Competitive Safeguards on Major Suppliers 5
  • Article   7.31 Interconnection 5
  • Article   7.32 Number Portability 5
  • Article   7.33 Allocation and Use of Scarce Resources 5
  • Article   7.34 Universal Service 5
  • Article   7.35 Confidentiality of Information 5
  • Article   7.36 Resolution of Telecommunications Disputes 5
  • Subsection   E Financial Services 5
  • Article   7.37 Scope and Definitions 5
  • Article   7.38 Prudential Carve-out  (1) 6
  • Article   7.39 Transparency 6
  • Article   7.40 Self-regulatory Organisations 6
  • Article   7.41 Payment and Clearing Systems 6
  • Article   7.42 New Financial Services 6
  • Article   7.43 Data Processing 6
  • Article   7.44 Specific Exceptions 6
  • Article   7.45 Dispute Settlement 6
  • Article   7.46 Recognition 6
  • Subsection   F International Maritime Transport Services 6
  • Article   7.47 Scope, Definitions and Principles 6
  • Section   F Electronic Commerce 6
  • Article   7.48 Objective and Principles 6
  • Article   7.49 Cooperation on Regulatory Issues 6
  • Section   G Exceptions 6
  • Article   7.50 Exceptions 6
  • Chapter   EIGHT PAYMENTS AND CAPITAL MOVEMENTS 6
  • Article   8.1 Current Payments 6
  • Article   8.2 Capital Movements 6
  • Article   8.3 Exceptions 6
  • Article   8.4 Safeguard Measures 6
  • Chapter   NINE GOVERNMENT PROCUREMENT 6
  • Article   9.1 General Provisions 6
  • Article   9.2 Scope and Coverage 7
  • Article   9.3 Government Procurement Working Group 7
  • Chapter   TEN INTELLECTUAL PROPERTY 7
  • Section   A General Provisions 7
  • Article   10.1 Objectives 7
  • Article   10.2 Nature and Scope of Obligations 7
  • Article   10.3 Transfer of Technology 7
  • Article   10.4 Exhaustion 7
  • Section   B Standards Concerning Intellectual Property Rights 7
  • Subsection   A Copyright and Related Rights 7
  • Article   10.5 Protection Granted 7
  • Article   10.6 Duration of Authors' Rights 7
  • Article   10.7 Broadcasting Organisations 7
  • Article   10.8 Cooperation on Collective Management of Rights 7
  • Article   10.9 Broadcasting and Communication to the Public 7
  • Article   10.10 Artists' Resale Right In Works of Art 7
  • Article   10.11 Limitations and Exceptions 7
  • Article   10.12 Protection of Technological Measures 7
  • Article   10.13 Protection of Rights Management Information 7
  • Article   10.14 Transitional Provision 7
  • Subsection   B Trademarks 7
  • Article   10.15 Registration Procedure 7
  • Article   10.16 International Agreements 7
  • Article   10.17 Exceptions to the Rights Conferred by a Trademark 7
  • Subsection   C Geographical Indications  (1) (2) 7
  • Article   10.18 Recognition of Geographical Indications for Agricultural Products and Foodstuffs and Wines 7
  • Article   10.19 Recognition of Specific Geographical Indications for Wines, Aromatised Wines and Spirits  (1) (2) (3) 7
  • Article   10.20 Right of Use 7
  • Article   10.21 Scope of Protection 7
  • Article   10.22 Enforcement of Protection 7
  • Article   10.23 Relationship with Trademarks 7
  • Article   10.24 Addition of Geographical Indications for Protection  (1) 7
  • Article   10.25 Working Group on Geographical Indications 7
  • Article   10.26 Individual Applications for Protection of Geographical Indications 8
  • Subsection   D Designs 8
  • Article   10.27 Protection of Registered Designs 8
  • Article   10.28 Rights Conferred by Registration 8
  • Article   10.29 Protection Conferred to Unregistered Appearance 8
  • Article   10.30 Term of Protection 8
  • Article   10.31 Exceptions 8
  • Article   10.32 Relationship with Copyright 8
  • Subsection   E Patents 8
  • Article   10.33 International Agreement 8
  • Article   10.34 Patents and Public Health 8
  • Article   10.35 Extension of the Duration of the Rights Conferred by Patent Protection 8
  • Article   10.36 Protection of Data Submitted to Obtain a Marketing Authorisation for Pharmaceutical Products  (1) 8
  • Article   10.37 Protection of Data Submitted to Obtain a Marketing Authorisation for Plant Protection Products 8
  • Article   10.38 Implementation 8
  • Subsection   F Other Provisions 8
  • Article   10.39 Plant Varieties 8
  • Article   10.40 Genetic Resources, Traditional Knowledge and Folklore 8
  • Section   C Enforcement of Intellectual Property Rights 8
  • Article   10.41 General Obligations 8
  • Article   10.42 Entitled Applicants 8
  • Subsection   A Civil Measures 8
  • Article   10.43 Evidence 8
  • Article   10.44 Provisional Measures for Preserving Evidence 8
  • Article   10.45 Right of Information 8
  • Article   10.46 Provisional and Precautionary Measures 8
  • Article   10.47 Corrective Measures 8
  • Article   10.48 Injunctions 8
  • Article   10.49 Alternative Measures 8
  • Article   10.50 Damages 8
  • Article   10.51 Legal Costs 8
  • Article   10.52 Publication of Judicial Decisions 8
  • Article   10.53 Presumption of Authorship or Ownership 8
  • Subsection   B Criminal Enforcement 8
  • Article   10.54 Scope of Criminal Enforcement 8
  • Article   10.55 Geographical Indications and Designs Counterfeiting 8
  • Article   10.56 Liability of Legal Persons 8
  • Article   10.57 Aiding and Abetting 8
  • Article   10.58 Seizure 8
  • Article   10.59 Penalties 8
  • Article   10.60 Confiscation 8
  • Article   10.61 Rights of Third Parties 8
  • Subsection   C Liability of Online Service Providers 8
  • Article   10.62 Liability of Online Service Providers  (1) 8
  • Article   10.63 Liability of Online Service Providers: "mere Conduit"™ 8
  • Article   10.64 Liability of Online Service Providers: "caching" 9
  • Article   10.65 Liability of Online Service Providers: "hosting" 9
  • Article   10.66 No General Obligation to Monitor 9
  • Subsection   D Other Provisions 9
  • Article   10.67 Border Measures 9
  • Article   10.68 Codes of Conduct 9
  • Article   10.69 Cooperation 9
  • Chapter   ELEVEN COMPETITION 9
  • Section   A Competition 9
  • Article   11.1 Principles 9
  • Article   11.2 Definitions 9
  • Article   11.3 Implementation 9
  • Article   11.4 Public Enterprises and Enterprises Entrusted with Special Rights or Exclusive Rights  (1) 9
  • Article   11.5 State Monopolies 9
  • Article   11.6 Cooperation 9
  • Article   11.7 Consultation 9
  • Article   11.8 Dispute Settlement 9
  • Section   B Subsidies 9
  • Article   11.9 Principles 9
  • Article   11.10 Definitions of a Subsidy and Specificity 9
  • Article   11.11 Prohibited Subsidies  (1) (2) 9
  • Article   11.12 Transparency 9
  • Article   11.13 Relation with the WTO Agreement 9
  • Article   11.14 Monitoring and Review 9
  • Article   11.15 Scope 9
  • Chapter   TWELVE TRANSPARENCY 9
  • Article   12.1 Definitions 9
  • Article   12.2 Objective and Scope 9
  • Article   12.3 Publication 9
  • Article   12.4 Enquiries and Contact Points 9
  • Article   12.5 Administrative Proceedings 9
  • Article   12.6 Review and Appeal 9
  • Article   12.7 Regulatory Quality and Performance and Good Administrative Behaviour 9
  • Article   12.8 Non-discrimination 9
  • Chapter   THIRTEEN TRADE AND SUSTAINABLE DEVELOPMENT 9
  • Article   13.1 Context and Objectives 9
  • Article   13.2 Scope 10
  • Article   13.3 Right to Regulate and Levels of Protection 10
  • Article   13.4 Multilateral Labour Standards and Agreements 10
  • Article   13.5 Multilateral Environmental Agreements 10
  • Article   13.6 Trade Favouring Sustainable Development 10
  • Article   13.7 Upholding Levels of Protection In the Application and Enforcement of Laws, Regulations or Standards 10
  • Article   13.8 Scientific Information 10
  • Article   13.9 Transparency 10
  • Article   13.10 Review of Sustainability Impacts 10
  • Article   13.11 Cooperation 10
  • Article   13.12 Institutional Mechanism 10
  • Article   13.13 Civil Society Dialogue Mechanism 10
  • Article   13.14 Government Consultations 10
  • Article   13.15 Panel of Experts 10
  • Article   13.16 Dispute Settlement 10
  • Chapter   FOURTEEN DISPUTE SETTLEMENT 10
  • Section   A Objective and Scope 10
  • Article   14.1 Objective 10
  • Article   14.2 Scope 10
  • Section   B Consultations 10
  • Article   14.3 Consultations 10
  • Section   C Dispute Settlement Procedures 10
  • Subsection   A Arbitration Procedure 10
  • Article   14.4 Initiation of the Arbitration Procedure 10
  • Article   14.5 Establishment of the Arbitration Panel 10
  • Article   14.6 Interim Panel Report 10
  • Article   14.7 Arbitration Panel Ruling 10
  • Subsection   B Compliance 10
  • Article   14.8 Compliance with the Arbitration Panel Ruling 10
  • Article   14.9 The Reasonable Period of Time for Compliance 10
  • Article   14.10 Review of Any Measure Taken to Comply with the Arbitration Panel Ruling 10
  • Article   14.11 Temporary Remedies In Case of Non-compliance 10
  • Article   14.12 Review of Any Measure Taken to Comply after the Suspension of Obligations 10
  • Subsection   C Common Provisions 10
  • Article   14.13 Mutually Agreed Solution 10
  • Article   14.14 Rules of Procedure 10
  • Article   14.15 Information and Technical Advice 10
  • Article   14.16 Rules of Interpretation 10
  • Article   14.17 Arbitration Panel Decisions and Rulings 10
  • Section   D General Provisions 10
  • Article   14.18 List of Arbitrators 10
  • Article   14.19 Relation with WTO Obligations 10
  • Article   14.20 Time Limits 10
  • Chapter   FIFTEEN INSTITUTIONAL, GENERAL AND FINAL PROVISIONS 10
  • Article   15.1 Trade Committee 10
  • Article   15.2 Specialised Committees 11
  • Article   15.3 Working Groups 11
  • Article   15.4 Decision-making 11
  • Article   15.5 Amendments 11
  • Article   15.6 Contact Points 11
  • Article   15.7 Taxation 11
  • Article   15.8 Balance-of-payments Exceptions 11
  • Article   15.9 Security Exceptions 11
  • Article   15.10 Entry Into Force 11
  • Article   15.11 Duration 11
  • Article   15.12 Fulfilment of Obligations 11
  • Article   15.13 Annexes, Appendices, Protocols and Notes 11
  • Article   15.14 Relation with other Agreements 11
  • Article   15.15 Territorial Application 11
  • Article   15.16 Authentic Texts 11
  • ANNEX 7-A  LISTS OF COMMITMENTS 11
  • ANNEX 7-A-2  EU PARTY LIST OF COMMITMENTS IN CONFORMITY WITH ARTICLE 7.13 (ESTABLISHMENT) 11
  • ANNEX 7-A-4  KOREA. SCHEDULE OF SPECIFIC COMMITMENTS IN CONFORMITY WITH ARTICLES 7.7, 7.13, 7.18 AND 7.19 14
  • ANNEX 13  COOPERATION ON TRADE AND SUSTAINABLE DEVELOPMENT 14
  • ANNEX 14-A  MEDIATION MECHANISM FOR NON-TARIFF MEASURES 14
  • 1 Objective 14
  • 2 Scope 14
  • Section   A PROCEDURE UNDER THE MEDIATION MECHANISM 14
  • 3 Initiation of the Mediation Procedure 14
  • 4 Selection of Mediator 14
  • 5 Rules of the Mediation Procedure 14
  • Section   B IMPLEMENTATION 14
  • 6 Implementation of a Mutually Agreed Solution 14
  • Section   C GENERAL PROVISIONS 14
  • 7 Relationship to Dispute Settlement 14
  • 8 Time Limits 14
  • 9 Costs 14
  • 10 Review 14
  • ANNEX 14-B  RULES OF PROCEDURE FOR ARBITRATION 14
  • 1 General Provisions 14
  • 2 Notifications 15
  • 3 Commencing the Arbitration 15
  • 4 Initial Submissions 15
  • 5 Working of Arbitration Panels 15
  • 6 Replacement 15
  • 7 Hearings 15
  • 8 Questions In Writing 15
  • 9 Confidentiality 15
  • 10 Ex Parte Contacts 15
  • 11 Amicus Curiae Submissions 15
  • 12 Urgent Cases 15
  • 13 Translation and Interpretation 15
  • 14 Calculation of Time Limits 15
  • 15 Other Procedures 15
  • ANNEX 14-C  CODE OF CONDUCT FOR MEMBERS OF ARBITRATION PANELS AND MEDIATORS 15
  • 1 Definitions 15
  • 2 Responsibilities to the Process 15
  • 3 Disclosure Obligations 15
  • 4 Duties of Members 15
  • 5 Independence and Impartiality of Members 15
  • 6 Obligations of Former Members 15
  • 7 Confidentiality 15
  • 8 Mediators 15