SEOUL, November 13 (AJP) - South Korea has raised concerns at the World Trade Organization (WTO) over foreign technical regulations that could increase costs for exporters and restrict market access for key industries, including semiconductors, batteries, steel and petrochemicals, the Ministry of Trade, Industry and Resources said on Friday. At the WTO's latest Technical Barriers to Trade (TBT) Committee meeting in Geneva, Switzerland earlier this week, Seoul sought changes to several European Union rules on battery recycling, packaging, single-use plastics and product design.
Technical barriers to trade refer to regulations, standards and certification requirements that can make it harder or more expensive for foreign companies to enter a market. Seoul said it would continue working through the WTO to ease exporters' regulatory burdens and secure fairer access to overseas markets.
Tags: WTO, TBT, trade barriers, export regulations, European Union
Technical barriers to trade refer to regulations, standards and certification requirements that can make it harder or more expensive for foreign companies to enter a market. Seoul said it would continue working through the WTO to ease exporters' regulatory burdens and secure fairer access to overseas markets.
Tags: WTO, TBT, trade barriers, export regulations, European Union
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