[FTA HONG] Summary of the Korea-Chile FTA (FTA utilization rate, FTA utilization by industry, and summary of highlights)

The Korea-Chile FTA has great significance as it is the first FTA agreement signed by Korea and plays an important role as a bridgehead for Korea's entry into Latin America, and the agreement officially came into effect on April 1, 2004. As of 2022, the export utilization rate of the Korea-Chile FTA is 66.3% and the import utilization rate is 98.6%. In the export sector, minerals have the highest level of utilization at 92.5% and miscellaneous products have the lowest level at 18.9%. In the import sector, steel and metal products have the highest utilization rate of 99.6% and miscellaneous products have the lowest utilization rate of 0.0%. (Unit: Thousands of dollars) Category FTA total amount FTA preference eligible exports and imports Apply actual FTA preferential tariffs utilization rate(%) amount amount Export Korea-Chile FTA 1,510,533 1,383,824 917,709 66.3 Import 6,813,184 4,399,244 4,337,383 98.6 A brief summary of the provisions of the Korea-Chile FTA related t...