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The center of trade, happy KOREA. FTA(Free Trade Agreement) will continue to place with

Information on Tariff Rates

Preferential Tariff Rate: tariff rates applied pursuant to Free Trade Agreement entered into force.

아이콘  Icon With the FTA entered into force, goods are categorized into immediate tariff reduction, staging reduction and

       non-scheduled products with fixed duty rate

    - Under Korea-ASEAN FTA, goods are classified into Normal Track, Sensitive List and the Highly Sensitive List

 

세율정보 Information on Tariff Rates Tariff schedules of FTA contracting countries by FTA

 

General Rate: the most fundamental tariff rate established in accordance with the domestic laws

Base Rate: rates that represent the level of customs duty rate, used in negotiations for tariff reduction

MFN (Most Favored Nation) Rate: MFN applied duty rate that is granted to non-contracting parties

 

Reciprocal Tariff (Korea-ASEAN FTA)

 • If the FTA partner country exports a product of sensitive track which maintains its either non-scheduled or high duty rate,

   the importing country will also apply the same rate even though the product in question is entitled to tariff elimination

   under the Agreement.

 • Reciprocal duty rate corresponding with the ASEAN state’s will also apply in Korea if the duty rate applied on the product

   imported by the ASEAN State from Korea is no higher than 10%.

e.g. Malaysia designates the motorcycle exported by Korea as a sensitive list so the preferential duty rate is not applied.

In this light, Korea is to apply the currently applied rate of 8% rather than the preferential duty rate at 3%. However, the
currently applied duty rate on the product in Malaysia accounts for 5 %. Hence, Korea also applies 5% of duty rate on
the motorcycles imported from Malaysia.