More Canadian exports to Korea became duty-free on January 1st
This includes crude canola oil, various dietary supplements and health food products, frozen hagfish, frozen blueberries, beer, and certain oats
This includes crude canola oil, various dietary supplements and health food products, frozen hagfish, frozen blueberries, beer, and certain oats
As of January 1, 2021 more Canadian exports are eligible for duty-free access into Korea. Products benefiting from new duty-free access into Korea in 2021 include crude canola oil; various dietary supplements and health food products; frozen hagfish; frozen blueberries; beer; and certain oats.
For many products still subject to duties in Korea, preferential tariff treatment is offered in the form of reduced tariffs. Tariffs are reduced on January 1 of each year until remaining duties for goods covered under the Canada-Korea Free Trade Agreement (CKFTA) are eliminated.
To benefit from tariff preferences in Korea, Canadian exporters must ensure goods meet applicable rules of origin. The importer must be in possession of a valid certificate of origin.
