Korea And Canada Free Trade Agreement

Concretely, the agreement: the chapter on electronic commerce in the CKFTA aims to facilitate e-commerce between Canada and South Korea. In particular, both countries are required not to apply customs duties, royalties or other taxes on digital products transmitted electronically. In addition, the chapter aims to facilitate e-commerce by seeking to address the concerns of e-commerce users when participating in online transactions. For example, the provisions on the protection of personal data and consumer protection aim to build users` trust and confidence in electronic commerce. The Canada-Korea Free Trade Agreement will help the sector regain competitive access to South Korea. Canada will abolish tariffs on imported South Korean cars within two years of ratifying the trade agreement. [5] Market facts, reports, events and trade offices in Korea. A summary of the final agreement and its main results.