Trade and Investment Minister Andrew Robb has announced that Australia’s Free Trade Agreement with South Korea will enter into force on 12 December 2014.
KAFTA’s entry into force at this time will mean that many Australian importers and exporters will benefit from immediate tariff cuts, with further tariff cuts on 1 January 2015.
Given Korea is Australia’s fourth-largest trading partner – with bilateral trade worth more than $34 billion in 2013-14 – the agreement will increase import & export opportunities across a wide range of industries.
Australian Customs link to the Korea-Australia Free Trade Agreement:
Department of Foreign Affairs and trade link:
To obtain duty free admission of Korean origin goods into Australia a correctly complete Certificate of Origin needs to be provided by your supplier a template can be provided on request.