• Policy

        • Korea

        • 2022

        Korea - Israel Free Trade Agreement

        The Korea - Israel Free Trade Agreement provides for the elimination of border tariffs on most energy sector products, including:Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehiclesMineral ore and processed products including graphite, manganese, copper, aluminium, and nickelVarious products manufactured using above minerals and metals such as sheets, powders, bars, and platesPhotovoltaic cellsThe Agreement also includes rules of origin which state the following conditions for products to benefit from preferential tariff treatment:wholly produced or obtained in the country (applicable largely to minerals, raw materials, and waste and scrap materials) orhaving…

        • Policy

        • Korea

        • 2006

        Korea – Singapore Free Trade Agreement (KSFTA)

        The Korea – Singapore Free Trade Agreement (KSFTA) eliminates tariffs for 91.6% of the goods traded between both countries. The Agreement notably provides for the elimination of tariffs for the following goods:Electric generation equipment Mechanical equipment including pumps, appliances, engines, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehiclesMineral ore and processed products including graphite, manganese, copper, aluminum, and nickelVarious products manufactured using above minerals and metals such as sheets, powders, bars, wires, and platesPhotovoltaic cells.The Agreement also includes rules of origin. Goods are counted as originating from one of the signatory countries if:wholly produced or obtained…

        • Policy

        • Korea

        • 2015

        Korea - China Free Trade Agreement

        The Korea - China Free Trade Agreement provides for the elimination of tariffs for the following goods:Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMineral ore and processed products including graphite, manganese, copper, aluminum, and nickelVarious products manufactured using above minerals and metals such as sheets, powders, bars, and platesPhotovoltaic cellsTariffs for motor vehicles (including passenger vehicles and electric vehicles) are not eliminated ; while tariffs for key components (including vehicle frames, shafts, transmission, and lithium ion batteries) are. The Agreement also includes rules of origin. Goods can benefit from preferential tariff treatment if:wholly…

        • Policy

        • Korea

        • 2013

        Korea - Turkiye Free Trade Agreement

        The Korea - Turkiye Free Trade Agreement aims at liberalizing trade of goods, services, and investment between the two states. It entered into force on 1 May 2013.The Agreement covers, among others, the elimination of tariffs for the following goods:Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehiclesMineral ore and processed products including graphite, manganese, copper, aluminum, and nickelVarious products manufactured using above minerals and metals such as sheets, powders, bars, and platesPhotovoltaic cellsThe Agreement also includes rules of origin and local content provisions. Goods are counted as originating from each…

        • Policy

        • Korea

        • 2015

        Korea - Canada Free Trade Agreement

        The Korea - Canada Free Trade Agreement provides for the elimination of certain import tariffs, notably for the following goods:Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehiclesMineral ore and processed products including graphite, manganese, copper, aluminum, and nickelVarious products manufactured using above minerals and metals such as sheets, powders, bars, and platesPhotovoltaic cellsThe Agreement also includes rules of origin and local content provisions. Goods are counted as originating from each country if:wholly produced or obtained in the country (applicable to minerals, raw materials, and waste and scrap materials)products have undergone…

        • Policy

        • Korea

        • 2010

        Korea - India Comprehensive Economic Partnership Agreement

        The Korea - India Comprehensive Economic Partnership Agreement is an agreement between Korea and India that aims to foster economic cooperation between the two signatory states through fostering trade of both good and services through lowering of tariffs and other regulatory barriers; as well as setting out agreements on other aspects of economic cooperation including foreign direct investment.The Agreement covers, among others, the elimination of tariffs for the following goods:Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehicles (for import into Korea only)Mineral ore and processed products including graphite, manganese…

        • Policy

        • Korea

        • 2015

        Korea - New Zealand Free Trade Agreement

        The Korea - New Zealand Free Trade Agreement aims at creating a free trade agreement between the two signatory nations by eliminating various barriers, including tariffs and regulatory hurdles.The Agreement covers, among others, the elimination of tariffs for the following goods:Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehiclesMineral ore and processed products including graphite, manganese, copper, aluminum, and nickelVarious products manufactured using above minerals and metals such as sheets, powders, bars, and platesPhotovoltaic cellsThe Agreement also includes rules of origin and local content provisions. Goods are counted as originating from…

        • Policy

        • Korea

        • 2016

        Korea - Colombia Free Trade Agreement

        The Korea - Colombia Free Trade Agreement aims to foster stronger economic ties between the two nations by eliminating tariffs and customs duties per the terms of the Agreement.The Agreement covers, among others, the elimination of tariffs for the following goods:Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehiclesMineral ore and processed products including graphite, manganese, copper, aluminum, and nickelVarious products manufactured using above minerals and metals such as sheets, powders, bars, and platesPhotovoltaic cellsThe Agreement also includes rules of origin and local content provisions. Goods are counted as originating from…

        • Policy

        • Korea

        • 2021

        Korea - United Kingdom Free Trade Agreement

        The Korea - UK Free Trade Agreement aims to liberalize and facilitate trade in goods, services, and investment between the two signatory states. The Agreement was primarily introduced in order to prevent any new trade barriers emerging following the withdrawal of the United Kingdom from the European Union. As a result, most of the provisions are carried over from the Korea - EU Free Trade Agreement.The Agreement covers, among others, the elimination of tariffs for the following goods:Electric generation equipment Mechanical equipment including pumps, appliances, and other advanced machineryElectric motors, transformers, batteries, and capacitorsMotor vehiclesMineral ore and processed products including graphite…

        • Policy

        • Korea

        • 2023

        Korea - Indonesia Comprehensive Economic Partnership Agreement

        The Korea - Indonesia Comprehensive Economic Partnership Agreement builds on the Korea - ASEAN Free Trade Agreement (Indonesia is an ASEAN member state) to foster economic cooperation between the two countries by further lowering customs duties, encouraging investment, and providing other measures to support economic relations.Items whose tariffs are additionally lowered or removed as a result of this Agreement include:Imported into IndonesiaAutomobile componentsAutomobilesHigh Voltage CablesSteel wires, tubes, and other steel itemsCopper WiresImported into KoreaCopper wiresPassenger vehiclesCommercial vehiclesAutomobile componentsThe Agreement also includes rules of origin and local content provisions. Goods are counted as originating from each country if:wholly produced or…

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