In simple terms, an FTA is an agreement between countries that partially or fully deducts 8% of the basic tariff (different for each product) that occurs when importing/exporting all products.

For example, when importing machine parts with a unit price of 10,000 won from China, 10,000 won must be paid to the supplier in China, and 800 won must be paid separately to the Korea Customs Service when importing into Korea. When FTA takes effect, you will not have to pay 800 won.

Conversely, in the case of export, the 8~10% tariff paid by importers in China to the Chinese Customs Service disappears, so the importer’s profit margin rises. As a result, new competitiveness can be secured.

It is necessary to check each item to see what percentage of tariff reduction benefits are available for each item, and if you individually inquire about what documents and procedures are required to receive customs benefits, we will give you a sincere answer.