KOREA, FREE TRADE AGREEMENT TO BE UPDATED?
In 2011, Korea became the first trading partner of the European Union in Asia to sign a Free Trade Agreement. In 2020, the volume of trade between Korea and EU countries reached 90 billion euros, an increase of 45% compared to 60 billion euros ten years ago.
WCO ACCORDING TO THE EUROPEAN UNION
The World Customs Organization (WCO), established in 1952 as the Customs Cooperation Council (CCC), is an independent intergovernmental body whose mission is to improve the effectiveness and efficiency of customs administrations, promote cooperation and develop skills to facilitate legitimate trade.
CUSTOMS COOPERATION DECLINED BY THE EU
Customs activity is essential for the safeguarding the EU’s external borders, for the protection of legal trade, for the protection of citizens from terrorist, health, environmental threats, for the management of Union and Member States financial interests.