All S. Korean exports to New Zealand to be tariff-free from 2021
- 3 years ago
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From next year,... all South Korean exports to New Zealand will be completely tariff-free.
The Trade Ministry says this comes as the two countries had agreed to abolish tariffs on all South Korean exports within seven years of their FTA deal, signed in 2015.
As for this year, around 96-point-2 percent of exports to New Zealand have been tariff-free.
By 2030, 97-point-5 percent of the New Zealand's shipments to Korea will also be exempt from tariffs.
From next year,... all South Korean exports to New Zealand will be completely tariff-free.
The Trade Ministry says this comes as the two countries had agreed to abolish tariffs on all South Korean exports within seven years of their FTA deal, signed in 2015.
As for this year, around 96-point-2 percent of exports to New Zealand have been tariff-free.
By 2030, 97-point-5 percent of the New Zealand's shipments to Korea will also be exempt from tariffs.