The European Union and Hong Kong are important trading and investment partners. The EU – Hong Kong relations cover trade and economic development, customs cooperation, food safety, innovation, technologies, natural environment and education. European Union is Hong Kong’s second major trade partner after China and an important foreign investor. More than 2,100 EU enterprises operate in Hong Kong, making the European Union the most important foreign business partner in the city. Bilateral trade relations between the EU and Hong Kong are discussed in annual Structured Dialogue meetings involving the European Commission and Hong Kong’s government authorities. Would you like to find out more? Visit:
https://ec.europa.eu/trade/policy/countries-and-regions/countries/hong-kong-sar/
The European Union and China are two of the three largest global economies; the same is true for their respective trade volumes. China is the EU’s second biggest trading partner after the USA, and the European Union is the biggest trading partner for China. The two parties are engaged in complex strategic partnership. The average value of their trade is more than 1 billion EUR per day. In the last decade, the economic power of China and its political influences grew to unprecedented dimensions. The increasing economic importance of China means great commercial possibilities for the European Union. Since 2013, an investment agreement has been negotiated. The aim for both parties is to create and maintain an open, predictable, fair, long-term and transparent business environment for investors and their investments. For more information, visit:
https://ec.europa.eu/trade/policy/countries-and-regions/countries/china/
The EU and Japan’s relations have taken on speed since the entry into force of the Economic Partnership Agreement in 2019. The Agreement created a huge free trade area between the EU Member States and the third largest economy in the world in terms of GDP. The connected markets have more than 600 million consumers and jointly generate ca. one third of the world’s GDP (Boym Institute, 2019). The Agreement makes it easier for European enterprises to transport their products to Japan and it sets high standards of safety, job, consumer and data protection and ensures full protection of public services. The planned strategic partnership strengthens cooperation in the area of common challenges and environmental protection. For more information, click the link below:
https://ec.europa.eu/trade/policy/in-focus/eu-japan-economic-partnership-agreement/
Vietnam is one of the EU’s main partners in the Association of Southeast Asian Nations (ASEAN). The interest of EU investors in Vietnam is growing as the country continues its dynamic economic development. On 1 August 2020 the EU-Vietnam Free Trade Agreement entered into force. The Agreement liberalises and facilitates trade and investments. The FTA eliminates over 99% of customs duties on trade between the EU and Vietnam. For more information, visit:
https://ec.europa.eu/trade/policy/in-focus/eu-vietnam-agreement/
South Korea is one of the European Union’s 10 strategic partners in terms of international cooperation, global safety, economy and environmental protection. South Korea is the only country in the world with three agreements on economy, policy and safety. The Agreement on Cooperation and Mutual Administrative Assistance in Customs was signed on 13 May 1997. The Framework Agreement on Trade and Cooperation, which strengthens cooperation in several sectors, including transport, energy, science and technology, industry, natural environment and culture, entered into force on 1 April 2001. The most important milestone for strengthening trade relations between South Korea and EU is the Free Trade Agreement signed in 2011 and enacted on 1 October 2015. The Agreements removes many trade barriers and practically all tariffs. To find out more, click the link below:
https://ec.europa.eu/trade/policy/countries-and-regions/countries/south-korea/
Visit these websites for basic information about EU exports:
Tariffs and rules of origin
https://madb.europa.eu/madb/datasetPreviewFormATpubli.htm?datacat_id=AT&from=publi
Procedures and formalities
https://madb.europa.eu/madb/datasetPreviewFormIFpubli.htm?datacat_id=IF&from=publi
For information on currently available products promoted in this programme, please contact:
The Association of Butchers and Producers of Processed Meat of the Republic of Poland
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