U.s.-Korea Free Trade Agreement Form

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. Another opportunity to examine tariffs under the free trade agreement is to examine 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 Korea FTA text: the full text of the agreement. 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. Open-form certification can be used by Korean manufacturers and exporters and U.S. importers as an alternative to original certification when they invoke compliance with the Korea Free Trade Agreement. USITC Publication 4308: This publication contains changes to the HTSUS, the duty phase-out Schedule and other important information. 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. This document contains the most important information in the HTSUS General Notes 33 and 19 CFR, sub-divisionS R. Although there is no form required for the certificate of origin, there are basic data elements that must be included and a certificate of origin has been made available, containing these elements. 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 No specific certificate is required for the U.S.-Korea Free Trade Agreement.

They may be invited by the Korean importer or customs service to provide information in support of a request for preferential treatment. For more information on what is expected to be contained, please see the certificate-of-origin free trade agreements. Please note that the Korean Customs Service does not impose a specific certificate of origin in accordance with KORUS and does not impose a form or format required for the certificate of origin. U.S. exporters or producers should be informed that, as long as you provide the necessary elements to obtain certification, you do not need to use the korean Customs Certificate or a mandatory Korean government form, although you are free to do so.

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