Us Korea Free Trade Agreement Form

For information on customs procedures imported from Korea, CBP has created a website and email address: www.cbp.gov/trade/free-trade-agreements/korea and fta@dhs.gov. If a certification is used, there is no form or format required to obtain certification and can be written or electronic. The certificate must contain certain elements (listed in Article 6.15 of free trade agreements), but you should identify yourself with the importer or customs authority of the importing country according to all the elements necessary to complete a certificate. The U.S.-Korea Free Trade Agreement (KORUS) came into force on March 15, 2012. On the day of its implementation, nearly 80% of U.S. exports of industrial goods to Korea were exempt from tariffs, including aerospace equipment, agricultural equipment, auto parts, construction products, chemicals, consumer products, electrical equipment, travel goods, paper products, scientific equipment and transportation and transportation equipment. Other benefits of the free trade agreement include strengthening the protection and enforcement of intellectual property rights in Korea and increasing access to the $580 billion market for highly competitive U.S. companies. Korea FTA Text: The full text of the agreement. The U.S.-Korea Free Trade Agreement, sometimes called KORUS, came into force on May 15, 2012. Like most U.S. free trade agreements, with the exception of NAFTA, the onus is on the importer for the use of preferential treatment.

However, for most years, the information needed to support the application must be provided by the manufacturer or exporter of the products. The Korea Free Trade Agreement (KORUS) came into force on March 15, 2012. Most Korean industrial and consumer products currently arrive in the United States duty-free and the Goods Processing Tax (MPF) and this figure will exceed 95% by 2016. Information for U.S. exporters is available at the Department of Commerce`s address at: 2016.export.gov/FTA/index.asp Although there is no form required for the certificate of origin, there are basic data elements that must be contained and a standard certificate of the original form containing these data items has been provided. The Ministry of Commerce export.gov website also provides detailed information on product classification and related issues. export.gov/faq/eg_main_017509.asp – Another way to look at tariffs under the free trade agreement is to review the final text of the agreement. On the USTR website, you will find under the heading “Final Text” two tariff plans, one for products going to Korea and the other for products arriving in the United States. www.ustr.gov/trade-agreements/free-trade-agreements/korus-fta/final-text This document contains the most important information contained in the notes HTSUS General 33 and 19 CFR Subpart R. – For more information on customs export procedures to Korea, the Korean government has also created a website and email address, www.USKoreaConnect.org and info@USKoreaConnect.org.

You can also request a prejudicial referral for the HTS classification and other matters relating to your import products. www.cbp.gov/trade/rulings publication USITC 4308: This publication contains changes to the HTSUS, the duty phase-out schedule and other important information. For products going to Korea, the Korean Customs Service has also set up a page that displays tariffs on U.S. merchandise exports to Korea. The Korean Customs Service website is fta.customs.go.kr/ (in Korean). The Korean Embassy website also provides www.USKoreaConnect.org information on exporting to Korea. The U.S.-Korea free trade agreement does not require a specific certificate. They may be invited by the Korean importer or customs service to provide information in support of a processing request p