The full text of the agreement, along with useful information and fact sheets on the free trade agreement, can be found on the Department of Foreign Affairs and Trade (DFAT) website For specific questions about the agreement, email KoreaFTA@dfat.gov.au or call DFATD on 02 6261 1111. The new Austrade experience gives you access to on-demand services to take the next step in your export journey and move forward faster. KAFTA removes or reduces barriers to trade in goods between Korea and Australia. This benefits Australian companies that want to export Australian products to Korea or import Korean products for sale in Australia. The main results of the entry into force of the agreement are as follows: Due to KAFTA, more than 99% of Australian merchandise exports to Korea are duty-free or eligible with preferential access. The Korea-Australia Free Trade Agreement (also known as KAFTA) is a bilateral agreement that aims to remove barriers to trade and investment between Australia and South Korea. The agreement was finalised and entered into force in 2014. Australia and South Korea enjoy strong and complementary trade relations. Austrade can help Australian companies become familiar with local market conditions and develop export opportunities through a range of in-market and Australian services. The U.S.-Korea Free Trade Agreement entered into force on March 15, 2012. If you are a U.S. exporter, here are some resources to answer your questions about the U.S.-Korea trade agreement: Australian Trade Minister Andrew Robb and Korean Trade Minister Yoon Sang-jick concluded negotiations on the agreement in early December 2013, and the legally verified text of the agreement was initialled by chief negotiators on February 10, 2014. [1] In April 2014, Australian Prime Minister Tony Abbott led a trade delegation to Japan, South Korea and China.

The three economies accounted for more than half of Australia`s total bilateral trade. [2] On the South Korean side of the mission, Abbott signed the Australia-Korea Free Trade Agreement (KAFTA) with park Geun-hye`s government in Seoul on April 8. [3] The agreement entered into force on 12 December 2014. [4] According to the Australian Department of Foreign Affairs and Trade, Australia and Korea “have one of the strongest and most complementary trade relations in the Asia-Pacific region. The Korea-Australia Free Trade Agreement (KAFTA) reduces barriers to trade and investment and makes it easier for Australians to do business with Korea – our 4th largest trading partner. [5] The Korea-Australia Free Trade Agreement (KAFTA) was signed in Seoul on April 8, 2014 by Australian Trade and Investment Minister Andrew Robb and his Korean counterpart, Trade, Industry and Energy Minister Yoon Sang-jick, and entered into force on December 12, 2014. Opportunities for U.S. exporters under the U.S.-Korea Trade Agreement Please start reviewing detailed information about business activities in Korea. The Department will be notified in writing, upon request, to determine whether the goods originate in Korea in order to qualify for the KAFTA preference. Trade and Investment Minister Andrew Robb announced that australia`s Free Trade Agreement with South Korea would enter into force on December 12, 2014. According to the Department of Commerce, U.S.

exports of goods and services to Korea in 2015 supported about 358,000 jobs (latest data available) (227,000 by exports of goods and 131,000 by exports of services). The Korea-Australia Free Trade Agreement (KAFTA) was signed in Seoul, South Korea, on April 8, 2014. The United States and the Republic of Korea signed the United States-Korea Free Trade Agreement (KORUS FTA) on June 30, 2007. Before entering the Korean business market, there are a number of factors to consider, including business culture, politics, and etiquette. The full text of KAFTA is available on the website of the Ministry of Foreign Affairs and Trade. A KAFTA Certificate of Origin issued by the exporter or producer in Korea. Whether you`re an experienced exporter or exploring export opportunities for the first time, it`s important to understand what`s required and stay up to date. Our friendly team can guide you through the process of obtaining the right export documents you need to ensure smooth customs clearance and facilitate duty relief. . The Certificate of Origin must contain the following data elements (listed in Annex 3-C, Chapter 3 of KAFTA): To claim preferential duties under KAFTA, the following codes must be used in the SCI: For more information, please read the following: KAFTA enters into force when Korea and Australia have completed their domestic legal procedures. .

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