1 July 2021 marked the 10 th anniversary of the EU-Republic of Korea free trade agreement. The agreement eliminates duties for industrial and agricultural goods in a progressive, step-by-step manner.
Digital trade refers to commerce enabled by electronic means – by telecommunications and/or ICT services – and covers trade in both goods and services. It affects all sectors of the economy and is highly important for European industry.
The goal of the future EU-Republic of Korea digital trade agreement is to:
The agreement will preserve the ability of the EU and the Republic of Korea to develop and implement the policies required to address new challenges posed by the digital economy, including to protect privacy and personal data.
