tariff rates applied pursuant to Free Trade Agreement entered into force.
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
Tariff schedules of FTA contracting countries by FTA
the most fundamental tariff rate established in accordance with the domestic laws
rates that represent the level of customs duty rate, used in negotiations for tariff reduction
MFN applied duty rate that is granted to non-contracting parties
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.