Korea Certified Customs Attorney FTA Hong

  The ASEAN-Korea FTA is one of the most utilized FTAs, despite the fact that FTAs with various individual countries (Vietnam, Indonesia, and Cambodia) have entered into force since its entry into force.   The ASEAN-Korea FTA is a favorable agreement in terms of the economic impact of the FTA, given the high share of trade with Korea. As of 2022, the FTA export utilization rate is 58.1% and the import utilization rate is 84.4%.   The ASEAN is composed of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Vietnam, Thailand.   As of 2022, chemical industries are the most utilized products in the ASEAN-Korea FTA at 67.2%, while textiles are the least at 28.5%. On the import side, plastics, rubber and leather products have the highest utilization rate at 90.9%, while minerals have the lowest utilization rate at 42.8%.   (Unit: Thousands of dollars) Category FTA total amount FTA preference eligible exports and imports Apply ...