[FTA HONG] Summary of the Korea-Central America FTA (FTA utilization rate, FTA utilization by industry, and summary of highlights)
The Korea-Central America FTA is an agreement signed with five Central American countries (Panama, Costa Rica, Honduras, El Salvador, and Nicaragua), making it the sixth FTA agreement Korea has signed with a country in the Americas. As of 2022, the export utilization rate of the Korea-Central America FTA is 25.9%, and the import utilization rate is 68.9%. In terms of FTA utilization by industry, machinery is the highest at 39.4% and miscellaneous products are the lowest at 0.0% in the export sector. In the import sector, agriculture, forestry and fishery products have the highest utilization rate of 98.3%, while chemical and industrial 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-Central America FTA 1,812,546 280,891 72,683 25.9 Import 1,032,283 290,472 200,038 68.9 ...